MakerDAO’s AI Governance Plan: A Game-Changer For Crypto Investors

Key Points:

• MakerDAO plots AI governance “endgame” with new tokens and SubDAOs.
• MakerDAO aims to become the “largest and most widely used stablecoin project” in just three years.
• DAI is among the five largest stablecoins, with a market cap of $4.6 billion and a 24-hour volume of $165 million.

MakerDAO announced its governance model which will be using artificial intelligence (AI) and new brand crypto tokens.

This announcement was made by MakerDAO founder, Rune Christensen, through a forum post. The AI tools will be creating a “governance equilibrium” which will lead to development in the future. The new tokens will be linked to many of the planned features and will unite the Maker governance token (MKR) and the Dai stablecoin (DAI) under a new brand. The first phase of this plan will be released in the coming months, which includes new tokens that users can optionally upgrade from their old ones.

MakerDAO will be launching six SubDAOs in the next stage which will be responsible for certain tasks delegated from MakerDAO and will be able to use AI. While users will be able to farm tokens from SubDAOs, this will unfortunately not be available to U.S. users.

The following stage will introduce new governance tools that allow users to summarize, verify, and generate governance proposals with the help of AI. These features will be gated and only those who hold Maker’s new tokens will have access.

In the last two stages, MakerDAO will launch governance participation incentives and a new blockchain that makes DAO’s core features immutable. Through this roadmap, MakerDAO aims to become the largest and most widely used stablecoin project in just three years.

Although the goal is quite ambitious given the current dominance of centralized stablecoins such as USDT, USDC, and BUSD, MakerDAO’s stablecoin, DAI, is among the five largest stablecoins by both market cap and 24-hour volume, reporting a market cap of $4.6 billion and a 24-hour volume of $165 million. As such, it is likely to remain significant even if it does not overtake its competitors.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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