MakerDAO Announces โEndgameโ Phase 1 Launch for Summer 2024
DeFi lending protocol MakerDAO has revealed that the first phase of its highly anticipated โEndgameโ will be launched in the summer of 2024. This phase will involve the release of all major features that are essential for growth and aim to establish a virtuous cycle to drive exponential Dai adoption. The key highlights of Phase 1 include:
- The introduction of a new brand and a promotional website
- A launch incentive program for early adopters
- The addition of two new tokens, NewStable and NewGovToken, to the ecosystem
- The unveiling of additional functionalities such as the Lockstake Engine and a cost-effective bridge
- The introduction of SparkDAO, the first SubDAO focusing on lending
Details of MakerDAOโs Endgame Phase 1
In a post on MakerDAOโs governance forum, founder Rune Christensen outlined the plan for Phase 1 of the Endgame. Here are the key details:
New Brand Introduction and Promotional Website
The first release of Phase 1 will introduce a new brand for MakerDAO. This will be accompanied by a promotional website where users can learn more about the changes and enroll in a launch incentive program.
New Tokens: NewStable and NewGovToken
After the brand reveal period, two new tokens called NewStable and NewGovToken will be added to the MakerDAO ecosystem. The specific names for these tokens will be disclosed during the brand reveal. Users will still have access to Dai and MKR tokens, but they can choose to use NewStable and NewGovToken to take advantage of upcoming features.
Additional Functionalities
Along with the new tokens, Phase 1 will introduce several additional functionalities:
- The Lockstake Engine: Users can secure their MKR or NewGovToken for extended periods to enhance their risk/reward potential.
- A Cost-Effective Bridge: A bridge will be created to link Maker ecosystem tokens from Ethereum to a Layer-2 network. The specifics of this bridge are yet to be determined.
- NewBridge: An economic layer-2 yield farming system will be introduced. The exact name of this system will be revealed later.
- SparkDAO: The first SubDAO focused on lending will be launched during Phase 1.
The Subsequent Phases of Endgame
Phase 2: Scaling
Once the launches of Phase 1 are successful and the foundational elements of Endgame are established, Phase 2 will focus on scaling. This phase will involve the deployment and operation of the Lockstake Engine, NewBridge, and the Spark SubDAO.
Phase 3: NewChain and Real-World Assets
In Phase 3, MakerDAO plans to establish NewChain, a standalone L1 blockchain that will host the core tokenomics and governance mechanisms of Maker Core and the SubDAOs. NewChain is also expected to serve as a hub for Real-World Assets (RWA), DeFi activities, and inter-blockchain bridging facilitated by the NewBridge system.
Phase 4: Final Endgame Activation
The last phase of Endgame, Phase 4, will mark the activation of the Final Endgame. During this phase, all foundational governance mechanisms of Maker Core will become immutable, realizing the ultimate vision of Endgame.
Hot Take: MakerDAOโs Ambitious Roadmap for Endgame
MakerDAOโs announcement of the upcoming launch of Endgameโs Phase 1 showcases its ambitious roadmap for the future. With the introduction of a new brand, additional tokens, and innovative functionalities, MakerDAO aims to drive exponential Dai adoption and establish a fully functional virtuous cycle. The subsequent phases of Endgame will focus on scaling, the establishment of a standalone blockchain, and the activation of the Final Endgame. This roadmap sets MakerDAO on a path towards growth, resilience, and accessibility in the decentralized finance space.
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