MakerDAO, the DeFi project behind DAI stablecoin, has announced a major update called "Endgame" that aims to enhance efficiency, resilience, and participation by using AI tools to optimize processes. The update will be launched in five phases, with the first phase focusing on improving the scalability and efficiency of the Maker Protocol. The subsequent phases will introduce the SubDAO framework, enhance the governance mechanism, introduce new collateral types, and focus on the project's long-term sustainability. The ultimate aim is to create an unbiased world currency that is not necessarily pegged to the USD.

MakerDAO, the organization behind DAI stablecoin and MKR governance token, has announced a series of updates to its ecosystem.

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, the decentralized platform behind the DAI stablecoin, has released a roadmap for a major update called Endgame. The update aims to improve efficiency, resilience, and participation by using AI tools and open, scalable processes. The short-term goal is to become the most widely-used stablecoin project within three years. The update will include a unified brand identity, six new SubDAOs, and a new blockchain that is tightly coupled to Ethereum. The deployment of the new blockchain will be the final step in the Endgame launch process, leading to a decentralized, self-sustainable, and immutable ecosystem.

MakerDAO, a decentralized autonomous organization operating on the Ethereum blockchain and issuing stablecoin DAI, has launched the Spark Protocol, a lending solution for DAI users. The platform provides users with supply and borrowing features for cryptocurrencies such as ETH, stETH, DAI, and sDAI, and aims to offer competitive interest rates. The Spark Protocol is linked to Maker's D3M system, which enables interaction between the Maker ecosystem and third-party lending pools, and promises to enhance MakerDAO's DAI lending capabilities and increase liquidity. MakerDAO recently proposed a new "constitution" to formalize its governance processes and safeguard against potential threats from malicious actors.

Currently, the combined TVL across all defi platforms stands at $49.31 billion as of May 6, 2023, with Lido Finance leading the pack by commanding a 24.82% share of $12.24 billion on Saturday.

The transfer involves moving 500 million USDC from the PSM to Coinbase Custody International Limited (CCI) to participate in the Coinbase Institutional USDC Rewards Program.

Crypto lending protocol MakerDAO approved opening a real world asset (RWA) vault for Coinbase Custody and the transfer of up to $500 million in USDC stablecoins, according to a vote concluded on Thursday.

Nayms has now raised a total amount of $12m and long-standing supporters such as UDHC, New Form, Tokentus and Keyrock participated in the latest funding round assisting the insurtech startup in their busiest year to come.

On March 20, a vote was opened for the MakerDAO community to ‘normalize’ the parameters of the Price Stability Module (PSM). As a result, USDC remained the main reserve asset of PSM.