Robert Steinadler, 20 days ago

MakerDAO: New roadmap reveals plans to integrate AI

MakerDAO is a decentralized autonomous organization and the issuer of the decentralized stablecoin DAI. Maker has been a success story for many years, surviving a stablecoin crisis, bear and bull markets, and skepticism regarding its decentralized organization from politicians and authorities. Crypto is an everchanging market, and Maker is no exception when it comes down to adapting its protocol to new technologies. 

What is MakerDAO’s “Endgame,” and how will AI change its future?

The roadmap is called Endgame

The name foreshadows that Maker has big plans for the future. It outlines the procedure for making the protocol more resilient and enhancing efficiency. The Endgame of Maker is nothing less than becoming the biggest, most widely accepted, and used stablecoin worldwide.

To achieve that goal, six SubDAOs will be brought to life under a unified brand identity. These plans ultimately involve deploying a new blockchain. Judging from Maker's online roadmap, DAI and MKR will remain unchanged, but an upgrade to new versions is planned. These upgrades will be implemented during a beta which marks the first phase that will take several months.

The second phase will launch the six so-called SubDAOs, each serving as a specialized division of MakerDAO.

AI will improve governance

The team behind Maker believes that AI could help to improve the protocol. AI tools will be introduced during the third stage to improve governance monitoring. A fourth stage involves the launch of governance incentives.

The fifth and last stage will deploy a new blockchain called NewChain, which uses hard forks as a governance mechanism. According to the roadmap, the blockchain will be a backend for AI-assisted governance and tools, e.g., creating smart contracts or launching new SubDAOs.

It remains to be seen when these plans are set in motion and how long it will take to go through each step. AI has been the hottest in tech since late 2022, and many blockchain-driven projects involving AI have grown since early 2023. Experts say that artificial intelligence will take over many fields and make many jobs obsolete.

Featured articles
Four trading strategies for crypto
Bitcoin and Ethereum: what are the differences?
What determines the Bitcoin price?
Related articles
Will nation states engage in hash wars?

May 19, 2023

We wrote about it earlier: Jason Lowery believes Bitcoin could become the world's reserve currency and that countries should engage in a peaceful "arms race" to mine Bitcoin. He believes Bitcoin is a form of digital property that will be defended similar to how navies secure maritime thoroughfare. Not everyone is sold on this concept. Let's discuss a contrarian view.

Trade anytime, anywhere

Boost your trading impact and reaction time in over 80+ cryptocurrencies via instant access to your portfolio with the LiteBit app.

App Store
Google Play Store
  • 2525 Ventures B.V.
  • 3014 DA Rotterdam
  • The Netherlands
More info
  • About LiteBit
  • Support
  • Sell
  • News
  • Education
Subscribe for updates

Sign up to stay informed via our email updates

Explore popular coins
© 2023 LiteBit - All rights reserved