MakerDAO introduced on Might 11 a governance mannequin that may make use of synthetic intelligence (AI) and have crypto tokens with a brand new model.
Founder goals for “governance equilibrium”
In line with a discussion board publish from MakerDAO founder Rune Christensen, AI instruments will create a “governance equilibrium” that directs growth.
Most of the deliberate options will probably be linked to new tokens meant to unite the Maker governance token (MKR) and the Dai stablecoin (DAI) underneath a brand new model. These new tokens will probably be launched within the first part of the plan over the approaching months, and customers will have the ability to improve their outdated tokens optionally.
Within the subsequent stage, Maker will launch six SubDAOs. These will probably be accountable for sure duties delegated from MakerDAO and might make use of AI. Customers will probably be additionally in a position to farm tokens from SubDAOs, although this won’t be accessible to U.S. customers.
Subsequent, MakerDAO will introduce new governance instruments that permit customers to summarize, confirm, and generate governance proposals with the assistance of AI. These options will probably be gated and accessible to those that maintain Maker’s new tokens.
Within the final two phases, MakerDAO will launch governance participation incentives and launch a brand new blockchain that makes DAO’s core options immutable.
Maker goals to be #1 stablecoin
Christensen stated that via this roadmap, MakerDAO goals to turn into the “largest and most generally used stablecoin undertaking” in simply three years.
That purpose is formidable given the dominance of centralized stablecoins together with USDT, USDC, and BUSD. Tether’s USDT stablecoin is probably the most dominant of these stablecoins, with a market cap of $82 billion and a 24-hour quantity of $20 billion.
DAI is however among the many 5 largest stablecoins by each measures, because it reviews a market cap of $4.6 billion and a 24-hour quantity of $165 million. As such it can seemingly stay vital even when it doesn’t overtake its opponents.
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