Summary
TLDR: MakerDAO will launch Phase 1 of the Endgame plan in Summer 2024, introducing new tokens for enhanced participation and investment options. The plan includes structural reforms, governance enhancements, and improved scaling through SubDAOs. The community approved the plan in 2022, but concerns have been raised about governance and past failures. Christensen emphasizes the need to move quickly in the current bull market.
Key Points
1. MakerDAO Founder Rune Christensen plans to launch Phase 1 of the “Endgame” plan in Summer 2024, which will introduce new tokens and structural reforms to the decentralized autonomous organization (DAO).
2. The new tokens, NewStable and NewGovToken, will enhance user participation and investment opportunities within the MakerDAO ecosystem. These tokens are part of a larger plan that includes a brand reveal, staking enhancements, and improved blockchain interoperability.
3. The MakerDAO community approved the Endgame plan through blockchain voting in August 2022 after years of preparation. Phase 1 of the plan will address past challenges, such as undercollateralization and liquidations, while aiming to navigate the ongoing bull market with agility and fast-paced action.