MakerDAO’s “Endgame” Plan: Creating Independent SubDAOs on NewChain
MakerDAO has announced the final phase of its “Endgame” plan to establish a series of independent subDAOs within its ecosystem. In this phase, the entire Maker Protocol will be rebuilt on a new, stand-alone blockchain called NewChain. The goal is to enhance security and efficiency within the ecosystem.
Key Points:
- The final phase of MakerDAO’s “Endgame” plan is the implementation of NewChain, a native blockchain for Maker.
- The objective is to create an emergent, community-driven ecosystem with robust growth and innovation.
- The plan aims to grow the supply of dai, an Ethereum-based stablecoin, to over $100 billion within three years.
- The first phase, starting next year, will focus on establishing a new unified brand for the ecosystem.
- The Solana codebase is being considered as the foundation for NewChain.
MakerDAO approved a constitution earlier this year, introducing the “Endgame” plan to ensure stability, decentralization, and risk management. The preference for the Solana codebase is based on extensive research and its promising potential for NewChain.
Hot Take
MakerDAO’s “Endgame” plan marks an exciting development in the crypto space. The creation of independent subDAOs on NewChain has the potential to revolutionize the ecosystem and drive significant growth. By rebuilding the Maker Protocol and leveraging the Solana codebase, MakerDAO aims to enhance security and efficiency. Achieving the objective of growing the dai supply to over $100 billion within three years will be a major milestone for MakerDAO. This strategic plan demonstrates MakerDAO’s commitment to innovation and community-driven initiatives.
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