Robert Steinadler, 20 days ago
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 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.
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.