MakerDAO will deploy the first phase of the Endgame Plan in summer 2024
Endgame's goal
Endgame serves to improve MakerDAO's growth, persistence, and reach, with the goal of expanding the DAI supply to over $100 billion.
The main feature of Endgame is to create exciting experiences through yield farming that brings sustainable profits of SubDAO tokens.
The loop provides SubDAO tokens to all users of the DAI stablecoin, helping to power the SubDAO ecosystem by attracting new users, creating a vibrant environment. This helps boost the momentum and intangible value of SubDAOs.
Endgame was proposed nearly two years ago, and approved through a governance vote in March 2023. Since that time, the entire DAO has undergone a structural transformation, focusing on building core technology, tools, legal structures, supplier networks, etc. to support for the future SubDAO ecosystem.
Update route
Phase 1: Launching Endgame
Announcing all key features, accelerating growth engines. The goal is to establish a cycle in which SubDAO, tokenomics, branding, and user acquisition channels merge to create strong growth in Dai usage. The launch season is scheduled for summer 2024.
New brand launch
The brand reveal phase will last for a month, and during this time, the earliest users can register to receive rewards that will increase yields when new tokens are launched.
Launching new Tokens
One month after the rebranding, NewStable (new stablecoin) and NewGovToken (new governance token) will be launched. The DAI and MKR tokens will continue to exist, but users will have the option to upgrade to NewStable and NewGovToken if they want access to all the new features.
In addition, Endgame also developed a new, more user-friendly website. In parallel, there is also an airdrop for NewGovToken, a new bridge (NewBridge) will also be launched to connect NewStable, NewGovToken and other tokens in the system. Maker Ecosystem from Ethereum to L2. The name of the new bridge will be announced later.
A series of other mechanisms such as: Lockstake Engine, SparkLend,... will also be launched at this stage. In particular, the Lockstake Engine mechanism allows users to lock up MKR and NewGovToken to farm NewStable tokens and upcoming subDAO tokens, as well as share 30% of Maker's protocol revenue.
Phase 2: Expand
Phase 2 starts after the main projects of Phase 1: Lockstake Engine, NewBridge and Spark SubDAO. This phase focuses on scaling these fundamentals vertically and horizontally, including the launch of 6 SubDAOs serving diverse market segments such as the RWA or gaming-focused SubDAO, serving for different communities and business models, along with creating additional bridges to popular L2 platforms like Arbitrum, Optimism or Base and L1 like Solana.
Governance in Phase 2 grants SubDAO full autonomy within the confines of MakerDAO, growing gradually as the community expands. Enhanced user interface and artificial intelligence tools support administrative decisions, helping to broaden participation.
Phase 3: Create a new chain
Phase 3 marks the final technical evolution of Endgame with the introduction of the new chain (NewChain), an independent L1 blockchain. NewChain will host the tokenomics and governance of Maker Core, along with SubDAO, serving as a hub for RWA, DeFi, and bridging between blockchains through the NewBridge system.
Despite the emergence of NewChain, Maker still operates on Ethereum and users of Ethereum products can continue to use them in parallel with new projects.
NewChain will be developed from a leading blockchain source code, selected after a period of thorough research to choose the best possible architecture, helping to open up infinite scalability for the SubDAO ecosystem, facilitating conditions for more SubDAOs at increased speed.
Phase 4: The final stage of Endgame
The final phase marks the completion of the underlying technical and governance mechanisms, achieving the vision of an ever-evolving ecosystem based on a trusted financial infrastructure.
Additionally, there will be proposed governance changes to support the launch season, including accelerating the process to take advantage of the abundant pre-launch momentum. These changes aim to maximize success and impact during this critical period.
