In the latest episode of Unchained, Rune Christensen, the founder of MakerDAO, opened up about his disillusionment with decentralized finance (DeFi) and decentralized autonomous organizations (DAOs) during the last bull market. Despite these challenges, Christensen has unveiled a comprehensive plan that he believes will revolutionize the industry.
Christensen’s “Endgame” for MakerDAO consists of four distinct phases, each designed to address specific challenges and opportunities within the DeFi landscape. Particularly, he emphasized that phase 2 of the plan, focusing on the implementation of subDAOs, will “change the industry, and be a before and after.” He added: “Nobody has ever done this. Not even small experimental projects have done anything as ambitious as what we’re trying to do.”
The Endgame Plan
The endgame plan is a strategic roadmap for MakerDAO’s future, aiming to overcome the stagnation and coordination problems that have plagued DAOs. Phase 1 involves a rebranding strategy, including the launch of new tokens while maintaining the original tokens MKR and DAI.
Phase 2, which Christensen highlighted as a game-changer, revolves around the concept of subDAOs. These are more focused and manageable units within the larger DAO structure, designed to make participation more accessible and efficient.
The Power of SubDAOs
SubDAOs, according to Christensen, will alleviate the overwhelming tasks and internal frictions that have hindered the growth of DAOs. By splitting responsibilities into bite-sized pieces, subDAOs enable participants to specialize in specific areas without being burdened by the complexities of the entire system.
Leveraging AI and Future Prospects
In addition to subDAOs, Christensen mentioned MakerDAO’s plans to leverage artificial intelligence (AI) tools in governance, part of the plan’s phase 3. This integration of AI represents a forward-thinking approach to decentralized governance, potentially enhancing efficiency and decision-making within the DAO structure.