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Submission: On October 05 via api from US — Scanned from NL
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* News * Podcasts * Unchained * The Chopping Block * Learn * Guides * Videos * Shop * About * Contact * News * Podcasts * Unchained * The Chopping Block * Learn * Guides * Videos * Shop * About * Contact MAKER’S ENDGAME WILL ‘CHANGE THE INDUSTRY’: RUNE CHRISTENSEN The introduction of subDAOs, combined with the strategic use of AI, reflects a thoughtful and ambitious approach to overcoming the challenges of growth and collaboration within a DAO. Juan Aranovich Posted August 22, 2023 at 8:00 am EST. In the latest episode of Unchained, Rune Christensen, the founder of MakerDAO, opened up about his disillusionment with decentralized finance (DeFi) and decentralized autonomous organizations (DAOs) during the last bull market. Despite these challenges, Christensen has unveiled a comprehensive plan that he believes will revolutionize the industry. Christensen’s “Endgame” for MakerDAO consists of four distinct phases, each designed to address specific challenges and opportunities within the DeFi landscape. Particularly, he emphasized that phase 2 of the plan, focusing on the implementation of subDAOs, will “change the industry, and be a before and after.” He added: “Nobody has ever done this. Not even small experimental projects have done anything as ambitious as what we’re trying to do.” THE ENDGAME PLAN The endgame plan is a strategic roadmap for MakerDAO’s future, aiming to overcome the stagnation and coordination problems that have plagued DAOs. Phase 1 involves a rebranding strategy, including the launch of new tokens while maintaining the original tokens MKR and DAI. Phase 2, which Christensen highlighted as a game-changer, revolves around the concept of subDAOs. These are more focused and manageable units within the larger DAO structure, designed to make participation more accessible and efficient. THE POWER OF SUBDAOS SubDAOs, according to Christensen, will alleviate the overwhelming tasks and internal frictions that have hindered the growth of DAOs. By splitting responsibilities into bite-sized pieces, subDAOs enable participants to specialize in specific areas without being burdened by the complexities of the entire system. LEVERAGING AI AND FUTURE PROSPECTS In addition to subDAOs, Christensen mentioned MakerDAO’s plans to leverage artificial intelligence (AI) tools in governance, part of the plan’s phase 3. This integration of AI represents a forward-thinking approach to decentralized governance, potentially enhancing efficiency and decision-making within the DAO structure. Posted in: DeFi Ethereum Tech Tagged in: AI tools alignment engineering blockchain crypto Daos decentralized autonomous organizations decentralized finance Defi endgame plan gamification governance governance token innovation rebranding Rune Christensen stable coin sub DAOs Next Post Previous Post YOU MIGHT ALSO LIKE... * FRIEND.TECH SIM-SWAP HACKER STEALS $385,000 ETH * CRYPTO INFRASTRUCTURE PROVIDER UTOPIA LABS IS TURNING OFF ALL SERVICES * BLOCKCHAIN DEVELOPER OP LABS GOES LIVE ON TESTNET WITH KEY SECURITY FEATURE TO ITS STACK SOFTWARE SIGN UP FOR OUR NEWSLETTER! Get daily crypto updates with our free newsletter: news, episodes, market updates, recommended reads, and memes. Upgrade to Premium for exclusive interviews, a subscriber-only chat group, and show transcripts. SUBSCRIBE TO GET THE LATEST EPISODE Get the hottest takes from Laura, her guests, and The Chopping Block crew on all the news in crypto! Apple PodcastsYoutubeSpotifyGoogle Podcasts Your no-hype resource for all things crypto CATEGORIES * Business * Regulation * Bitcoin * Ethereum * DeFi * Tech * NFTs PODCASTS * Unchained Podcast * The Chopping Block PAGES * What’s Poppin’ * Learn * Guides * Videos * Shop * About * Contact © COPYRIGHT 2023 LAURA SHIN MEDIA LLC. ALL RIGHTS RESERVED. * Disclaimer * Terms + Conditions * Privacy Policy * The Chopping Block Disclosures Credits Site Design + Development North Star Sites