Cointime

Download App
iOS & Android

MakerDAO Unveils AI-Powered Governance Model and New Tokens in Bid To Become Top Stablecoin Project

MakerDAO has unveiled a governance model that will utilize artificial intelligence (AI) and introduce new crypto tokens under a new brand. The AI tools will create a "governance equilibrium" that guides development, while the new tokens will unite the Maker governance token (MKR) and the Dai stablecoin (DAI).

MakerDAO plans to launch six SubDAOs that will be responsible for certain tasks delegated from MakerDAO and can use AI. The project aims to become the "largest and most widely used stablecoin project" in three years, despite the dominance of centralized stablecoins like USDT, USDC, and BUSD.

Comments

All Comments

Recommended for you

  • Cointime May 4th News Express

    1. Hong Kong Bitcoin Spot ETF has held 4,218 BTC since its listing three days ago
  • USDT issuance on TON chain reaches $100 million

    According to official data, the issuance and circulation of USDT on the TON chain has reached 100 million US dollars, making TON the fastest-growing blockchain for Tether USDT issuance in Web3 history.
  • Cointime May 3rd News Express

    1. The 133rd Ethereum ACDC meeting: The goal is to complete the devnet within 7-10 days
  • New Stablecoin Bill Introduced in US Senate to Regulate Dollar-Pegged Digital Assets

    Senators Cynthia Lummis and Kirsten Gillibrand have proposed a new bill that aims to establish definitions for dollar-pegged digital assets and their issuers. The bill mandates that payment stablecoin issuers meet reserve and operational requirements, including creating subsidiaries specifically for issuing stablecoins. Additionally, stablecoin issuers must deal in dollar-backed tokens and ensure their tokens are fully backed by reserve assets. The proposed legislation seeks to define how stablecoins will operate in the US and would prohibit algorithmic stablecoins. There are ongoing discussions about attaching stablecoin legislation to a must-pass bill reauthorizing the Federal Aviation Administration, and Senator Sherrod Brown has indicated that specific safeguards must be included for the legislation to move forward.
  • UK to Issue New Legislation for Stablecoins and Crypto Activities by June/July, says Economic Secretary

    The U.K. government plans to introduce new legislation for stablecoins, as well as for crypto staking, exchange, and custody by June or July of this year. Economic Secretary Bim Afolami announced this at the Innovate Finance Global Summit on Monday, stating that the government aims to make the U.K. a global hub for crypto. The legislation will bring a range of crypto asset activities within the regulatory perimeter for the first time. The U.K. passed a financial markets bill in 2023, laying the foundation for regulated financial activities in the country, and the government has consulted with local regulators on its ambitions to regulate crypto.
  • Cointime April 23th News Express

    1. EigenLayer: Deposit limits for all LST tokens will be removed on April 16
  • Cointime April 5th News Express

    1.Mystiko.Network Community Sale Completed, Total $11.25 Million in XZK Sold2.Solana Co-founder Responds to the Sharp Increase in Transaction Failure Rates: Patch Coming Soon3.Ethena USDe market value exceeds 2 billion US dollars, setting a new record4.Du Jun, Executive Director and CEO of Xinhuo & Founder of ABCDE: Xinhuo Technology and ABCDE will invest 100 million US dollars to support blockchain companies that promote social development 5.QCP Capital: Bitcoin is expected to return to $70,000 this week, while Ethereum continues to be weak6.bitSmiley Labs officially launches its independent ecosystem plan, bitUniverse, and reveals its OG pass bitDisc-Black Upgraded Priviledges 7.Avalanche Foundation launches ice-breaking plan, focusing on LST track in the first phase and funding 500,000 AVAX 8.SuperRare Expands into Bitcoin Ordinals with Killer Acid's Psychedelic Art Collection 9.A dormant whale address for 8 months deposited 1,100 BTC into Binance10.Meme exchange DerpDEX.com completes multi-million dollar strategic investment, with participation from ABO Digital and others
  • Noncustodial lending and crypto debit card with FINMA compliance launches

    This DeFi initiative ensures full compliance with Swiss finance regulations to increase user safety and market confidence.
  • The Stablecoin Gateway to Bitcoin Adoption: Part Two

    As mentioned in part one, some of the property advantages of crypto dollars compared to US Dollars in traditional banking systems come from using public settlement networks and personal wallet software. These same advantages apply to (and originated with) bitcoin, namely global access, individual custody, and 24/7 direct transfers.
  • The Stablecoin Gateway to Bitcoin Adoption: Part One

    There are many possible paths that bitcoin might take to become a more adopted form of money. This article unpacks a particularly promising pathway: the role of stablecoin ownership as a stepping stone to bitcoin.