MakerDAO, a decentralized cryptocurrency lending and borrowing protocol, is making changes to its roadmap, including banning virtual private networks (VPNs) and users from the United States.
MakerDAO is planning big changes at the end of the game
the to updateknown as “Endgame,” aims to enhance efficiency, flexibility, and participation in the MakerDAO ecosystem through artificial intelligence (AI) tools and open processes.
The update will consist of 5 phases.
In the first phase, called the Beta Launch, MakerDAO will undergo a complete rebranding with a new unified brand and website. Two new tokens, codenamed “NewStable” and “NewGovToken”, will be introduced alongside existing DAI and MKR tokens. DAI is the platform’s algorithmic stablecoin, while MKR is the governance token of the MakerDAO protocol.
The second phase, known as the SubDAO Launch, will create six Maker sub-organisations, accompanied by token farms for the “NewStable” token. These sub-organizations will bring decentralization and specialization to MakerDAO, enabling rapid growth and decision-making in their respective regions.
Phase 3 will revolutionize governance within MakerDAO by introducing production grade AI tools. Powered by Alignment Artifacts, these tools will improve decision-making and level the playing field between Insiders and community members.
Phase 4 focuses on driving user engagement in governance. The Sagittarius Lockstake Engine (SLE) will incentivize users to lock “NewGovTokens” and delegate voting power. Participants will have the opportunity to earn “NewStable” income or SubDAO tokens as rewards for their participation in securing the governance process.
The final stage, Phase 5, introduces NewChain. The custom blockchain will host all of the SubDAO tokenomics backend logic and MakerDAO governance security.
MakerDAO Unveils Spark Protocol
MakerDAO recently revealed its Spark protocol on May 8th. It is a protocol to enhance the liquidity and yield tolerance capabilities of the DAI stablecoin.
A key aspect of the Spark protocol is its connection to the MakerDAO peg stabilizer module, which facilitates instant swapping of USDC against DAI and sDAI at a 1:1 ratio. This feature improves liquidity by allowing seamless transfers between the two assets.
The Spark protocol is also an integral part of MakerDAO’s broader Endgame plan, which seeks to establish DAI as a free floating asset collateralized by real assets.
Under this plan, DAI will maintain its currency peg to the US dollar for three years. This time, MakerDAO will collect as much Ethereum (ETH) as possible to increase the decentralized collateral ratio.