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MakerDAO, a Decentralized Autonomous Organization built around the DAI stablecoin, is employing AI to develop and implement a series of development initiatives, according to a new paper on its forum.
The paper, titled “The 5 Phases of Endgame,” lays out a major update strategy to the project, designed to enhance efficiency, resilience and participation.
According to the paper, it will do this by applying fine-tuned AI tools to open, scalable processes, creating a stronger governance equilibrium that enables the permissionless growth of SubDAOs and parallelized product development within its community-driven ecosystem.
The short term objective of Endgame is to grow to the largest and most widely used stablecoin project within 3 years.
The Endgame roadmap consists of 5 phases:
- Phase 1: Beta Launch (several months)
- Establish a new unified brand for the ecosystem
- Enable direct upgrade of Dai and MKR to their new versions, NewStable and NewGovToken
- Deploy large amounts of NewStable and Dai collateral to seed liquidity for NewStable on Uniswap and other major DEXes
- Provide rewards to platforms and protocols that integrate NewStable
- Phase 2: SubDAO Launch (several months after Phase 1)
- Launch the first SubDAOs
- Enable native farming of SubDAO tokens
- Provide rewards to SubDAOs that attract users and generate revenue
- Phase 3: Governance AI Tools (several months after Phase 2)
- Launch the Governance AI Tools system
- Enable NewGovToken holders to easily summarize and verify governance rules and processes, or generate new aligned governance proposals
- Phase 4: Governance Participation Rewards (several months after Phase 3)
- Enable NewGovToken holders to Lockstake in order to receive 30 percent of protocol income as NewStable rewards or SubDAO token rewards
The Endgame ecosystem will be fully decentralized and self-governing.
MakerDAO will be dissolved and its assets will be distributed to NewStable and SubDAO holders.
The paper notes that the goal of Endgame is to transform MakerDAO into a more efficient, resilient, and participatory platform, and position MakerDAO as a leading world stablecoin project.