MakerDAO Announced Major Rebrand with New Tokens and Utilizing AI

MakerDAO Announced Major Rebrand with New Tokens and Utilizing AI

MakerDAO announced to introduce a governance model that will make use of artificial intelligence (AI) and rebrand its token.

The plan involves launching new tokens that unite the Maker governance token ($MKR) and the Dai stablecoin ($DAI) under a new brand. Those new tokens will be released in the first phase of the plan over the coming months, and users will be able to upgrade their old tokens optionally.

Six SubDAOs will be launched, responsible for delegated tasks and enabling users to farm tokens. AI-based governance tools will also be introduced, allowing users to summarize, verify, and generate governance proposals with the help of AI.

The last two stages of the plan include launching governance participation incentives and a new blockchain with DAO's core features.

 

TokenInsight is dedicated to covering the most important and cutting-edge trends in the world of crypto. If you have information to share with us, please feel free to contact our email news@tokeninsight.com. Your trust will be well respected.

Source

DeFi

Stablecoins

In This Article

Related News
Total stablecoin market cap tops $200 billion as onchain lending yields surge Total stablecoin market cap tops $200 billion as onchain lending yields surge
Bernstein names Robinhood as top 'crypto deregulation trade,' raises price target to $51 Bernstein names Robinhood as top 'crypto deregulation trade,' raises price target to $51
Radiant Capital hacker moves $52M in stolen funds Radiant Capital hacker moves $52M in stolen funds
Tesla likely still owns $780M in Bitcoin despite recent shuffle: Arkham Tesla likely still owns $780M in Bitcoin despite recent shuffle: Arkham
Stacks (STX) makes 30% gain as mainnet upgrade and stablecoin launch approach Stacks (STX) makes 30% gain as mainnet upgrade and stablecoin launch approach
Latest News More More
1 Day Ago Mantra and Damac sign $1B deal to tokenize Middle Eastern assets
1 Day Ago Fetch.ai launches $10M accelerator for AI agent startups
2 Days Ago Fidelity’s spot bitcoin, ether ETFs post largest daily net outflows since inception
2 Days Ago Polkadot-based Phala Network launches Ethereum Layer 2 rollup
3 Days Ago Coinbase premium flips positive for first time in weeks, indicating rising bitcoin demand from US investors
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open