Breaking News: Maker Reveals Ambitious Plan to Rival Tether with 100 Billion DAI

Maker, a leading figure in decentralized finance (DeFi) lending, is about to kick off the initial phase of its ambitious "Endgame" strategy. This strategy, as outlined by co-founder Rune Christensen, is geared towards streamlining operations, introducing new tokens, and expanding the reach of its stablecoin Dai.

Christensen announces MakerDAO's launch of DeFi protocol season

In a recent announcement on MakerDAO forums, Christensen heralded the commencement of the "launch season" for the DeFi protocol. This initial phase, slated for mid-2024, will witness a comprehensive rebranding effort, including the enlistment of external marketing expertise to simplify and enhance the platform's appeal.

Dai Targets $100B Valuation with SubDAO Token Introductions for Agriculture Stimulus

The primary objective of the Endgame initiative is to catapult Dai's market capitalization from its current $4.5 billion to a staggering "100 billion and beyond," aligning it with the likes of rival stablecoin Tether.

Christensen also aims to infuse an element of excitement into the realm of savings through the introduction of yield farming opportunities via new tokens stemming from semi-autonomous "SubDAO" projects.

MakerDAO Launches Token Issuance: NewStable and NewGovTokens Debut

Following the rebranding phase, MakerDAO will initiate a token launch, introducing tokens tentatively named "NewStable" and "NewGovTokens." Maker (MKR) tokens will undergo redenomination into 24,000 NewGovTokens, with additional incentives for NewStable token holders residing outside the United States.

Christensen emphasizes that these upgrades will offer novel features for Dai and MKR holders, facilitating seamless participation in yield farming and enhancing user experience.

MakerDAO's Next Strategic Moves: Introducing Lock Engine and New Bridge, Launching SparkDAO for Loan Advancement

Subsequent phases of the Endgame strategy entail the launch of the "Lockstake Engine" (LSE) to enable token holders to earn yields on locked assets, followed by the introduction of "NewBridge" for cost-effective layer-2 yield farming.

The culmination of Phase 1 will witness the launch of SparkDAO, the pioneer SubDAO focusing on lending within the Maker ecosystem.

MakerDAO's Roadmap: Phased Expansion of Sub-DAOs and Bridges, Launch of First-Layer Blockchain "New Chain," and Strengthening Core Governance

Looking ahead, Maker's roadmap involves scaling up with additional SubDAOs and bridges in Phase 2, followed by the unveiling of "NewChain" in Phase 3, a dedicated layer-1 blockchain to host tokenomics. The Final Endgame in Phase 4 will solidify Maker's core governance, marking a significant milestone in the platform's evolution.