Updated: March 13, 2024, 3:23 AM EDT
Dai stablecoin issuer MakerDAO plans to launch the first phase of Endgame in the summer of 2024, according to a post by Rune Christensen on the project’s official governance forum. This release includes two new tokens tentatively named NewStable and NewGovToken.
The project’s stablecoin Dai MSEK
+9.86%
Endgame’s release season will proceed continuously, starting with the unveiling of the new brand. A month later, two new tokens will be launched under the tentative titles NewStable and NewGovToken. Users will be given the option to upgrade their Dai and Maker (MKR) tokens to new coins, which are expected to be tied to the ecosystem’s new staking and yield farming features.
“The ecosystem will ultimately look for ways to differentiate Dai from NewStable,” Rune Christensen said. Dai will focus on cryptocurrency-based use cases, while NewStable will focus on mass adoption.”
Diversification Maker
Other new features follow the launch of new tokens, including the Lockstake engine, which allows users to lock MKR or NewGovTokens for long periods of time for greater risk/reward exposure, and a new low-cost bridge connecting Maker ecosystem tokens on Ethereum. Connected to a major Layer-2 network yet to be determined.
Christensen further emphasized the importance of Spark, Maker’s first SubDAO, which is expected to have its own token. The loan product was launched a year ago. SparkDAO will further expand its feature line to include real assets and perpetual swap yields, the forum post said.
After the initial launch phase, MakerDAO’s Endgame is expected to be completed in three more phases, which are expected to expand Maker’s SubDAO and launch new layer 1 blockchains.
Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.
© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.
About the author
Danny Park is The Block’s East Asia reporter, writing about topics including Web3 development and cryptocurrency regulation in the region. He previously worked as a reporter for Forkast.News, where he actively covered the fall of Terra-Luna and FTX. Based in Seoul, Danny previously produced written and video content for media companies in Korea, Hong Kong and China. He holds a Bachelor’s degree in Journalism and Business Marketing from the University of Hong Kong.