MakerDAO, the organization behind the popular Dai stablecoin, has announced its ambitious "Endgame" plan for a multi-phased ecosystem overhaul.
MakerDAO, the organization behind the popular Dai stablecoin, has announced its ambitious "Endgame" plan for a multi-phased ecosystem overhaul. The project aims to increase scalability, attract new users, and expand use cases for the Dai stablecoin.
The first stage, launching in summer 2024, introduces two new tokens: NewStable and NewGovToken. Existing users will have the option to convert their Dai and MKR governance tokens to the new ones. While details remain scarce, these new tokens are expected to play a role in staking and yield-generating activities within the MakerDAO ecosystem.
The plan outlines a potential future where Dai focuses on crypto-native applications, while NewStable caters to broader mainstream adoption. This diversification strategy could potentially position MakerDAO to capture a larger share of the stablecoin market.
The announcement emphasizes the role of Spark, MakerDAO's first SubDAO, which focuses on lending products. SparkDAO is expected to launch its own token and introduce features like real-world asset integration and perpetual swap yields.
This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators.
This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice.
The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap.
