MakerDAO founder announces two new tokens in 'Endgame' launch details
The launch will be accompanied with two new tokens, tentatively named NewStable and NewGovToken. The DAO will explore ways to differentiate the new stablecoin from the existing Dai token.
The project’s stablecoin Dai and MKR +6.20% governance token will continue to exist, yet users will have the option to upgrade to NewStable and NewGovToken if they wish.
The launch season of Endgame is scheduled to occur in back-to-back stages, starting with the reveal of a new brand. A month later, two new tokens under the tentative titles NewStable and NewGovToken will be rolled out. Users will be given the option to upgrade their Dai and Maker (MKR) tokens to the new coins, which are expected to be involved with new staking and yield farming features in the ecosystem.
“The ecosystem will explore ways to eventually differentiate Dai and NewStable, with Dai focusing on crypto-native use cases and NewStable focusing on mass adoption,” wrote Rune Christensen.
Diversifying Maker
Other new features will follow the new token launch, including the Lockstake Engine, where users can lock their MKR or NewGovToken for a long period of time for more risk/reward exposure, and a new low-cost bridge that connects Maker ecosystem tokens from Ethereum to a yet-to-be-determined major Layer-2 network.
Christensen further highlighted the importance of Spark, Maker’s first SubDAO that's also expected to have its own token. The lending product was launched a year ago. SparkDAO will further expand its line of features to include real-world assets and perpetual swap yields, the forum post said.
MakerDAO’s Endgame will be completed in three more phases following the initial launch stage, which is expected to scale up Maker’s SubDAOs and launch a new Layer-1 blockchain.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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