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MakerDAO is preparing to implement significant alterations to the DAI stablecoin ecosystem, aiming to elevate the total coin supply to 100 billion and beyond.
The MakerDAO team announced their readiness to execute the Endgame strategy, which is designed to introduce several essential modifications to the project’s infrastructure, enhancing the growth rate, sustainability, and accessibility of the ecosystem. The primary objective of the Endgame is to increase the total supply of DAI to 100 billion.
The execution of Endgame will occur in four key phases:
- Launch Season — introduction of the new brand. The main emphasis will be on attracting new users through airdrops and various marketing initiatives. An update to the ecosystem will be rolled out. One month following the update, the team will reveal two new ecosystem tokens, the names of which are currently undisclosed.
- Scaling up — expanding the new ecosystem. Six SubDAOs are set to be launched, each targeting different market segments: RWAs, gaming, L2 solutions, etc.
- NewChain — establishing an independent Layer 1 blockchain. The current MakerDAO ecosystem will transition to its own blockchain network, while maintaining Ethereum support as a backup. Tokenomics and governance mechanisms will be transferred to the new network as determined by the community.
- Final Endgame — completion of all technical management systems. Validation of scalability and functionality of the new DeFi ecosystem.
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Launch Season is anticipated for the summer of 2024. During the first phase, the team intends to:
- introduce new tokens, currently referred to as NewStable and NewGovToken, which will serve as equivalents to DAI and MKR within the new ecosystem;
- develop a new user website and DeFi application;
- launch the Lockstake Engine (LSE), the mechanism for staking new tokens and yield farming within the ecosystem.
The Endgame strategy was first presented in 2023. The MakerDAO team aims to reach the final phase within a few years.
Recently, analysts at S&P Global identified the DAI stablecoin as one of the most volatile and highlighted the asset’s significant risk of limited liquidity.
Сообщение MakerDAO to Increase DAI Offering to 100 Billion появились сначала на CoinsPaid Media.
