- Co-founder of MakerDAO, Rune Christensen, has revealed details about the organization’s governance system restructuring plan, known as the “Endgame Plan”.
- The Endgame Plan consists of four key elements: MKR rebranding, new token (subDAO) farming, voting rewards (gamification), and AI tools.
- Christensen shared a rough timeline for the implementation of the Endgame Plan in an interview with CoinOtag.
In a recent international conference, Rune Christensen, co-founder of MakerDAO, unveiled their ambitious restructuring plan known as the “Endgame Plan”. This plan aims to maximize token potential in DeFi and DAO and is composed of four key elements. The plan, initially met with opposition, has since been approved by MKR holders and is set to commence soon.
MakerDAO’s Endgame Plan
MakerDAO, a leading project in decentralized finance (DeFi), has been under the leadership of Rune Christensen since 2015. The organization is responsible for managing the Maker Protocol, which issued the stablecoin Dai. With a current market cap of approximately $4.7 billion, Dai is the third-largest stablecoin in the market.
Key Elements of the Endgame Plan
The Endgame Plan is composed of four key elements: MKR rebranding, new token (subDAO) farming, voting rewards (gamification), and AI tools. The rebranding and new token farming aim to break down large businesses into smaller units, each raising funds from MakerDAO to increase revenue. On the other hand, voting rewards and AI tools are strategies to incentivize governance participation.
Implementation of the Endgame Plan
In an interview with CoinOtag, Christensen shared a rough timeline for the implementation of the Endgame Plan. The first phase, which centers around “rebranding”, is set to begin in a few months. During this phase, MakerDAO’s governance token MKR and stablecoin Dai will be upgradeable to new tokens related to SubDAO. The second phase, the introduction of SubDAO, is scheduled for early next year. However, this may vary as the focus is on development.
Conclusion
The Endgame Plan is a significant reform proposal led by the founders of MakerDAO. Despite initial opposition, the plan was approved by MKR holders and is now set to commence. The plan aims to maximize token potential in DeFi and DAO and is composed of four key elements. With a rough timeline already in place, the crypto community eagerly awaits the implementation of this ambitious plan.
