MakerDAO publishes 5-phase roadmap featuring funding for open-source AI projects

1 year ago

MakerDAO, the enactment down the DAI stablecoin and its related MKR governance token, precocious announced a slew of planned updates to its ecosystem, including a dense absorption connected artificial quality (AI) technologies and the planned improvement of a caller blockchain. 

Beginning with an upgrade to unify the organization’s brand, the caller roadmap details a five-phase task called “Endgame.” 

5 phases of Endgame.

Endgame has been defined arsenic an update that employs AI tools and unfastened processes to heighten efficiency, resilience, and participation.

A caller work connected the Maker Forum outlines its roadmap, which includes the instauration of 5 large motorboat phases. pic.twitter.com/8GOkIfFADi

— Maker (@MakerDAO) May 12, 2023

Per an authoritative forum station written by MakerDAO co-founder Rune Christensen, the archetypal signifier of Endgame volition impact a “full rebrand” to unify the DAI and MKR brands.

“Crucially,” writes Christensen, “Dai and MKR volition not beryllium altered.” MakerDAO intends to sphere some tokens successful their existent form. However, the enactment does mean to adhd 2 caller tokens with updated features which are being temporarily referred to arsenic “NewStable” and “NewGovToken.”

Christensen elaborated connected this successful a reply to a remark connected the post:

“Dai volition stay and volition beryllium the undisturbed OG stablecoin with nary flashy features, and its liquidity volition ever beryllium bootstrapped by the unlimited 1:1 conversion to NewStable.”

Going forward, the “key merchandise motorboat of Endgame” volition see the eventual motorboat of six “Maker SubDAOs” and accompanying NewStable token farms.

The subDAOs volition beryllium divided betwixt facilitator and allocator DAOs and, per Christensen, their intent volition beryllium to streamline the “workload and complexity that Maker Governance needs to manage.”

Related: MakerDAO launches Spark Protocol, a caller DeFi lending solution for DAI users

Phase 3 of the roadmap is each astir AI. MakerDAO intends to motorboat respective interior AI tools to optimize governance tasks specified arsenic monitoring and information siloing.

Alongside the planned motorboat of the AI tools, MakerDAO intends to participate the open-source AI improvement abstraction with a task entitled “The Purpose Fund.”

Chistensen writes that this inaugural volition beforehand and money “free, unfastened root AI models and escaped AI tools to assistance socially impactful industries and projects pat into the ratio gains of AI and usage it to execute much self-sustainable impact.”

The 4th signifier of Endgame involves the improvement of an inducement programme for ecosystem denizens called the “Governance Participation Incentive.” The programme volition impact gamification and rewards to incentivize interactions connected the MakerDAO platform.

Finally, the enactment intends to make a proprietary blockchain presently referred to arsenic “NewChain.” Rather than replacing the Ethereum blockchain presently underpinning the MakerDAO platform, NewChain volition beryllium bridged.

According to Christensen, “this means that connected Ethereum, NewStable and NewGovToken, arsenic good arsenic Dai and MKR, volition proceed to relation arsenic normal, and the lone alteration volition beryllium that they volition beryllium protected by a governance backend that operates done a secure, authorities of the creation bridge.”

Listed arsenic the cardinal diagnostic driving the implementation of the caller blockchain is the quality to usage hard forks arsenic a governance mechanics successful the lawsuit of powerfulness attacks oregon maltreatment by bulk holders.

View source