Decentralized Finance (DeFi) protocol MakerDAO has revealed the final phase of its multistep “Endgame” plan, designed to create a series of independent sub-decentralized autonomous organizations (DAOs) living within a larger ecosystem.
The plan involves the creation of a new, independent blockchain called NewChain, according to Rune Christensen, co-founder of MakerDAO. In a post, Christensen detailed that NewChain would be a “complete reimplementation of the entire Maker Protocol” and could use Solana’s codebase.
On X, the microblogging platform formerly known as Twitter, Christensen detailed the new blockchain “will make the ecosystem more secure and efficient.” MakerDAO’s Endgame is an ambitious plan to create an “emergent, community-driven ecosystem” as it grows the supply of its Ethereum-based stablecoin DAI.
MakerDAO has said that, in the short term, Endgame’s objective is to grow DAI’s supply to over $100 billion within three years. It’s currently below $4 billion.
Endgame’s first phase is set to start with a product launch meant to establish a unified brand for the MakerDAO ecosystem.
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- Source: https://www.cryptocompare.com/email-updates/daily/2023/sept/04/
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