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MakerDAO, the decentralized autonomous organization behind the Dai stablecoin, is set to launch the first phase of its “Endgame” plan in the summer of 2024.
The initiative will introduce two new tokens, NewStable and NewGovToken, alongside a series of structural reforms aimed at enhancing user participation and investment within the ecosystem.
The launch will begin with a brand reveal, followed by the token rollout, and will include new staking and yield farming opportunities.
Founder Rune Christensen announced the upcoming changes on the MakerDAO governance forum, detailing that the existing Dai and MKR governance token will remain, but users will have the option to upgrade to the new tokens.
The Endgame plan, approved by the MakerDAO community in August 2022, is designed to differentiate Dai’s crypto-native use cases from NewStable’s focus on mass adoption.
The Lockstake Engine (LSE) will be introduced to expand governance mechanisms and encourage ecosystem participation through crypto staking.
Additionally, a new low-cost bridge will be established to connect Maker ecosystem tokens from Ethereum to a “major L2” (layer-2) network.
The Endgame strategy also includes the expansion of SparkDAO, Maker’s first SubDAO, which will incorporate real-world assets and perpetual swap yields into its feature set.
The final technical iteration of Endgame is planned for “Phase 3,” which includes the creation of NewChain, a stand-alone layer-1 blockchain for core tokenomics and governance mechanics of Maker Core and the SubDAOs.