MakerDAO, a prominent player in the decentralized finance (DeFi) space, has revealed the conclusive phase of its intricate “Endgame” plan aimed at establishing autonomous subDAOs within its broader ecosystem. Rune Christensen, co-founder of MakerDAO, recently disclosed that the last stage of “Endgame” will encompass a complete reimplementation of the Maker Protocol on a standalone blockchain named “NewChain.”
Christensen took to X (formerly Twitter) to announce this milestone, asserting that NewChain’s launch will enhance security and efficiency within the Maker ecosystem. “Endgame” represents MakerDAO’s ambitious vision of creating a community-driven ecosystem with robust growth and innovation, particularly focused on expanding the supply of dai, an Ethereum-based stablecoin.
The initial step in this multi-phase plan is scheduled for early next year, featuring a “beta launch” that will introduce a unified brand for the ecosystem. Despite MakerDAO’s aspiration to grow the dai supply to over $100 billion within three years, the current supply stands at a mere $3.9 billion, as per data from The Block Research.
Earlier this year, MakerDAO adopted a constitution outlining the “Endgame” strategy, addressing various platform-related aspects such as stability, decentralization, risk management, governance, and more. Notably, Christensen indicated a preference for the Solana codebase as the foundation for NewChain, citing it as the most promising option following extensive research.
The integration of the Solana codebase underscores MakerDAO’s commitment to fostering innovation and scalability in the DeFi sector as it continues to chart the course for the future of decentralized finance.