MakerDAO, the decentralized organization behind the DAI stablecoin and Maker Protocol, announced that it has entered a new era called the Endgame Era.
MakerDAO (MKR) Announces the Start of a New Era
According to the official statement, this development will be a journey towards maximum decentralization, transparency, flexibility and efficiency for the Maker ecosystem and will end at the destination called the Endgame State.
According to MakerDAO’s tweets, cryptocurrencies emerged with a bold vision to bring justice to the global financial system. However, according to the developers’ statements, tackling the challenges facing finance requires real decentralization, and MakerDAO is on its way to the final state where it reaches the true definition of decentralization.
A New Era Has Begun. pic.twitter.com/U09QGMV1sc
— Maker (@MakerDAO) March 29, 2023
According to the releases, Endgame Era will offer a never-before-seen organizational structure for MakerDAO, a unique tokenomic system for the Maker Protocol, and the ultimate level of decentralization for the DAI stablecoin.
According to the tweets, these goals will be achieved by restructuring the MakerDAO governance model, simplifying Maker’s foundation, and delegating complexity to external actors.
Maker is an Ethereum-based project that allows users to mint and manage DAI, a stablecoin pegged to the US dollar and backed by various crypto assets. Maker also has its own management token called MKR, which allows token holders to vote on the development and parameters of the Maker Protocol.
The recent Endgame Era announcement could have an impact on the Maker ecosystem and the general DeFi space.
*Not investment advice.