MakerDAO adopts Endgame Plan Constitution! Over US$7 billion in reserves will be used to buy real assets

MakerDAO passes the Endgame Plan Constitution! Over $7 billion in reserves will be purchased for real assets

MakerDAO is a decentralized financial platform powered by smart contracts on the Ethereum blockchain that launched the DAI stable currency in 2017.

DAI is a stable cryptocurrency whose current price is basically the same as the US dollar. Its price stability is managed by anchoring its ratio to Ethereum and smart contracts, and it uses collateral-entrusted lending to maintain the stability of the currency. Users can lend DAI using pegged crypto-asset collateral, and MakerDAO now has over $7 billion in collateral assets.

But MakerDAO found that relying solely on encrypted assets was not enough to achieve a complete DeFi vision, so they decided to turn their reserve assets to purchasing real assets, such as real estate, stocks, etc.

MakerDAO launches the Endgame Plan Constitution

To achieve this goal, MakerDAO launches the Endgame Plan Constitution. The Endgame Plan Constitution means handing over the governance of MakerDAO to the community so that more people can vote on its decisions and thereby advance the direction of MakerDAO.

This also means that MakerDAO’s governance rights will no longer be limited to the internal team and token holders, but will be open to the wider community. The constitution will set out rules and procedures to ensure that community voting is fair and transparent. Like other DAOs (Decentralized Autonomous Organizations), everyone who holds MKR tokens can participate in MakerDAO's governance and vote for or against MakerDAO's decisions.

MakerDAO hopes that this new governance structure will enhance community participation and bring greater transparency and fairness.

Over US$7 billion in reserves will be purchased into real assets

MakerDAO’s reserve assets are entrusted and managed by users holding MKR tokens. MakerDAO is preparing to convert this part of its cash reserves into purchasing real assets. These include real estate, stocks, and more.

MakerDAO does this in the hope of mitigating the impact of crypto asset volatility on DAI. They believe that one of the best ways to stabilize cryptocurrencies is through purchasing real-life assets. This approach leads to better risk management and more stable returns for DAI holders.

Summary

In short, MakerDAO has proposed a major change-converting reserve assets to purchasing real assets. This decision will provide DAI holders with more stable income and reduce the impact of crypto asset volatility on DAI. Influence. It is worth noting that achieving this goal requires some technical and management risks, and MakerDAO launched the Endgame Plan Constitution to ensure fairness and transparency in community governance. MakerDAO’s future prospects will depend on its ability to balance risks between its crypto assets and real-world assets.

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