MakerDAO, a decentralized finance protocol, is gearing up for the launch of its highly anticipated “Endgame” transformation. Co-founder Rune Christensen has revealed that this transformation will steer the platform towards scalable resilience and sustainable user growth.

According to Christensen, the “Endgame” will consist of a five-phase plan, with the first phase set to kick off in mid-2024. This phase will involve hiring an external marketing firm to rebrand the entire operation, making it more user-friendly and engaging.

The primary objective of the “Endgame” is to increase the market capitalization of MakerDAO’s decentralized stablecoin Dai from $4.5 billion to over $100 billion, putting it on par with Tether (USDT). Additionally, the goal is to make savings more enjoyable through yield farming of new tokens from semi-autonomous “SubDAO” projects.

As part of the transformation, MakerDAO will introduce new tokens called “NewStable” and “NewGovTokens.” Each Maker (MKR) token will be redenominated into 24,000 NewGovTokens. Tokenholders not based in the US will have the opportunity to farm 600 million NewGovTokens per year.

Christensen emphasized that these upgrades will bring new features to Dai and MKR, enhancing user experience and yield farming opportunities.

Following the token launch, MakerDAO will roll out the “Lockstake Engine” (LSE) to allow NewGovToken and MKR holders to earn yields on locked tokens. This will be followed by the introduction of “NewBridge,” a low-cost layer-2 yield farming platform.

The final part of Phase 1 will be the launch of SparkDAO, the first SubDAO focused on lending. This initiative aims to enhance the lending ecosystem within MakerDAO.

Looking ahead, Phase 2 will focus on scaling up with more SubDAOs and bridges, while Phase 3 will see the launch of “NewChain,” a dedicated layer-1 blockchain to host the tokenomics. Phase 4, known as the “Final Endgame,” will mark the point at which Maker’s core governance becomes immutable.

Christensen envisions a bright future for MakerDAO, aiming to revive the spirit of DeFi summer and ensure long-term sustainability for the platform.

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