MakerDAO, a decentralized finance protocol, is preparing for its transformative “endgame” phase and aims for scalable resilience and sustainable growth, co-founder Rune Christensen announced.
Launch season is just around the corner!
Endgame focuses MakerDAO on scalable resilience and sustainable user growth: the goal is 100 billion Dai and beyond
Launch season will bring key yield farming and UX features to market quickly
More: https://t.co/gWLWBWpEq8
(1/9) pic.twitter.com/Xujg04uYX2
– Rune (@RuneKek) March 12, 2024
Christensen declared a “launch season” for the protocol’s five-phase plan, with Phase 1 scheduled for mid-2024. This phase involves hiring a marketing firm to rebrand the platform with simplicity and enjoyment in mind.
The Endgame seeks to scale the decentralized stablecoin Dai from its current market cap of $4.5 billion to “100 billion and beyond,” similar to Tether.
Another goal is to make savings fun through yield farming of new tokens from semi-autonomous “SubDAO” projects. Following the renaming, a token launch will introduce “NewStable” and “NewGovTokens”.
MakerDAO converts each MKR token into 24,000 NewGovTokens. NewStable token holders outside the US can farm 600 million NewGovTokens annually. These upgrades offer new features for Dai and MKR.
Christensen emphasized the rapid delivery of key yield farming and UX features during the launch season. MakerDAO aims to extend the DeFi summer, ensuring sustainability.
After the token launch, the “Lockstake Engine” will enable NewGovToken and MKR holders to earn income from locked tokens. Subsequently, “NewBridge” will enable low-cost Layer 2 yield farming, followed by the launch of SparkDAO, the first SubDAO focused on lending.
Also Read: VeChain Launches VeBetterDAO for Sustainability
Learn Crypto Trading, Yield Farms, Income strategies and more at CrytoAnswers
https://nov.link/cryptoanswers
Comments are closed.