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
Wall Street back-office giant DTCC mulls stablecoin integration: report Wall Street back-office giant DTCC mulls stablecoin integration: report
Crypto industry cheers progress in 'historic' stablecoin legislation as Senate advances GENIUS Act Crypto industry cheers progress in 'historic' stablecoin legislation as Senate advances GENIUS Act
Circle secures in-principle approval to operate as money services provider in Abu Dhabi Circle secures in-principle approval to operate as money services provider in Abu Dhabi
Mastercard moves to integrate stablecoins into global payments network Mastercard moves to integrate stablecoins into global payments network
Term Finance recovers $1 million of $1.6 million loss to oracle configuration error Term Finance recovers $1 million of $1.6 million loss to oracle configuration error
Latest News More More
1 Hour Ago Tether plans further Bitcoin mining expansion in South America with Adecoagro tie up
1 Day Ago North Korean hackers use fake Zoom updates to deliver ‘NimDoor’ macOS malware targeting crypto firms
1 Day Ago JPMorgan's blockchain unit tests new carbon credit tokenization application with S&P Global
4 Days Ago Ethereum community plans onchain ‘time capsule’ to mark 10th anniversary of network’s genesis block
June 25 Circle's post-IPO stock surge pushes market cap near Coinbase and USDC
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open