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

MakerDAO, the decentralized autonomous group (DAO) behind the Dai stablecoin and its associated Maker governance token, not too long ago introduced a slew of deliberate updates to its ecosystem, together with a heavy give attention to synthetic intelligence (AI) applied sciences and the deliberate improvement of a brand new blockchain. 

Starting with an improve to unify the group’s model, the brand new roadmap particulars a five-phase challenge known as “Endgame.” 

Per an official discussion board submit written by MakerDAO co-founder Rune Christensen, the primary part of Endgame will contain a “full rebrand” to unify the Dai (DAI) and Maker (MKR) manufacturers.

“Crucially,” writes Christensen, “Dai and MKR won’t be altered.” MakerDAO intends to protect each tokens of their present kind. Nonetheless, the group does intend so as to add two new tokens with up to date options that are being quickly known as “NewStable” and “NewGovToken.”

Christensen elaborated on this in a reply to a touch upon the submit:

“Dai will stay and would be the undisturbed OG stablecoin with no flashy options, and its liquidity will at all times be bootstrapped by the limitless 1:1 conversion to NewStable.”

Going ahead, the “key product launch of Endgame” will embody the eventual launch of six “Maker SubDAOs” and accompanying NewStable token farms.

The subDAOs will probably be cut up between facilitator and allocator DAOs and, per Christensen, their function will probably be to streamline the “workload and complexity that Maker Governance must handle.”

Associated: MakerDAO launches Spark Protocol, a new DeFi lending solution for DAI users

Section three of the roadmap is all about AI. MakerDAO intends to launch a number of inner AI instruments to optimize governance duties comparable to monitoring and knowledge siloing.

Alongside the deliberate launch of the AI instruments, MakerDAO intends to enter the open-source AI improvement house with a challenge entitled “The Function Fund.”

Chistensen wrote that this initiative will promote and fund “free, open supply AI fashions and free AI instruments to assist socially impactful industries and initiatives faucet into the effectivity features of AI and use it to attain extra self-sustainable influence.”

The fourth part of Endgame includes the event of an incentive program for ecosystem denizens known as the “Governance Participation Incentive.” This system will contain gamification and rewards to incentivize interactions on the MakerDAO platform.

Lastly, the group intends to create a proprietary blockchain at the moment known as “NewChain.” Reasonably than changing the Ethereum blockchain at the moment underpinning the MakerDAO platform, NewChain will probably be bridged.

In response to Christensen, “Which means on Ethereum, NewStable and NewGovToken, in addition to Dai and MKR, will proceed to perform as regular, and the one change will probably be that they are going to be protected by a governance backend that operates by way of a safe, state-of-the-art bridge.”

Listed as the important thing function driving the implementation of the brand new blockchain is the power to make use of arduous forks as a governance mechanism within the occasion of energy assaults or abuse by majority holders.