MakerDAO publishes 5-phase roadmap that includes funding for open-source AI initiatives

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MakerDAO, the group behind the DAI stablecoin and its associated MKR governance token, not too long ago introduced a slew of deliberate updates to its ecosystem, together with a heavy concentrate on synthetic intelligence (AI) applied sciences and the deliberate growth of a brand new blockchain. 

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

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

“Crucially,” writes Christensen, “Dai and MKR won’t be altered.” MakerDAO intends to protect each tokens of their present type. 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 put up:

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

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

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

Associated: MakerDAO launches Spark Protocol, a brand new DeFi lending answer for DAI customers

Part three of the roadmap is all about AI. MakerDAO intends to launch a number of inside AI instruments to optimize governance duties reminiscent of monitoring and information siloing.

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

Chistensen writes 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 beneficial properties of AI and use it to attain extra self-sustainable impression.”

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 presently known as “NewChain.” Moderately than changing the Ethereum blockchain presently underpinning the MakerDAO platform, NewChain shall be bridged.

In response to Christensen, “which means on Ethereum, NewStable and NewGovToken, in addition to Dai and MKR, will proceed to operate as regular, and the one change shall be that they are going to be protected by a governance backend that operates by means of a safe, cutting-edge bridge.”

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