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MakerDAO, the entity behind the DAI stablecoin and associated governance token MKR, recently announced a number of planned upgrades to its ecosystem, including a focus on artificial intelligence (AI) technologies and the planned development of a new blockchain.
Starting with an update to unify the organization’s brand, the new roadmap details a five-phase project called “The Endgame.”
5 phases of Endgame.
Endgame has been defined as an update that employs AI tools and open processes to enhance efficiency, resilience, and participation.
A new publication on the Maker Forum outlines its roadmap, which includes the introduction of 5 major launch phases. pic.twitter.com/8GOkIfFADi
— Maker (@MakerDAO) May 12, 2023
According to an official forum post written by MakerDAO co-founder Rune Christensen, the first phase of Endgame will include a “complete rebrand” to merge the DAI and MKR brands.
“Important,” writes Christensen, “Dai and MKR will not be changed.” MakerDAO intends to keep both tokens in their current form. However, the organization intends to add two new tokens with updated features, temporarily named “NewStable” and “NewGovToken”.
Christensen elaborated on this in a comment to the post:
“Dai will remain and be an OG stablecoin with no flashy features, and its liquidity will always be supported by the unlimited 1:1 conversion in NewStable.”
Going forward, the “Endgame key product launch” will include the possible launch of six “Maker SubDAOs” and accompanying NewStable token farms.
SubDAOs will be split between DAO facilitators and allocators, and according to Christensen, their goal will be to streamline “the workload and complexity that Maker Governance needs to manage.”
Related: MakerDAO Launches Spark Protocol, New DeFi Lending Solution for DAI Users
The third phase of the roadmap is all about AI. MakerDAO intends to launch several internal AI tools to streamline management tasks such as monitoring and data storage.
Along with the planned launch of AI tools, MakerDAO intends to enter the open source AI development space with a project called “The Purpose Fund”.
Chistensen writes that the initiative will promote and fund “free, open-source AI models and free AI tools to help socially relevant industries and projects harness the benefits of AI and use it to achieve more sustainable impact.”
The fourth phase of Endgame includes the development of an incentive program for the inhabitants of the ecosystem called “Incentive for Participation in Management”. The program will include gamification and rewards to drive engagement on the MakerDAO platform.
Finally, the organization intends to create its own blockchain, which is currently called “NewChain”. Instead of replacing the Ethereum blockchain that currently underpins the MakerDAO platform, NewChain will be merged.
According to Christensen, “This means that in Ethereum, NewStable and NewGovToken, as well as Dai and MKR will continue to function as usual, and the only change will be that they will be protected by a management backend that runs through a secure, modern bridge”.
The ability to use hard forks as a control mechanism in case of power attacks or abuse by majority holders is indicated as a key feature that stimulates the introduction of a new blockchain.