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Rune Profile picture
@RuneKek
Jul 24 • 10 tweets • 3 min read • Read on X
Maker Endgame delivers the easiest and best place to save up money while earning unique Token Rewards

Launch Season will make this a reality, and it is just around the corner

(1/9)forum.makerdao.com/t/makerdao-end…Image
First stage of Launch Season is the Brand Reveal

The ecosystem will unveil a completely new look and feel, designed for simplicity and user adoption

Bonus Rewards available to Early birds that sign up for the Launch Airdrop on the new website (non-US only)

(2/9)
Next is the Token Launch

NewStable and NewGovTokens (real names TBA) are optional upgrades for Dai and MKR with new features

* MKR will redenominate 1:24,000 when upgrading to NewGovToken
* NewStable holders get 600m NewGovToken per year in Rewards (non-US only)

(3/9)
After Token Launch comes Sealed Activation

Sealing allows NewGovToken and MKR holders to earn 25% of Makers surplus as rewards (non-US only)

To promote long term participation, the Unsealing has a 5% exit fee

(4/9)
NewBridge (real name TBA) is next

NewBridge v1 will connect to major L2s

This means all Token Rewards will be available to everyone w/ low fees, and prepares the multichain future of the Ecosystem

(5/9)
The pinnacle of Launch Season is the much anticipated launch of the Spark SubDAO!

Spark provides innovative DeFi products powered by MakerDAOs scale and track record

SPK token will be rewarded to users with NewStable and NewGovToken (non-US only)

(6/9)
Spark is already a successful and growing DeFi juggernaut

The flagship product, SparkLend is a top 10 DeFi protocol, and Spark also manages basis trade exposure and, in the future, a Real World Asset portfolio

(7/9)
* NewGovToken holders will be able to Activate their tokens (Without Exit Fee) to earn SPK tokens

* SPK can be activated to earn NewGovToken

* Sealed Activation will also have the option to get SPK tokens

(8/9)
There's a lot more coming in Launch Season and beyond

Please read the full post for more information about the exciting new products and releases coming with the full Endgame rollout as it transforms the face of DeFi:

(9/9)forum.makerdao.com/t/makerdao-end…
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More from @RuneKek

Rune Profile picture
Sep 18, 2023
1)
 While broader crypto is in shambles, Maker continues to grow its position as the biggest in DeFi

Everyone else shitcoin'd and ponzi'd. Maker built stuff that works & in the last month Dai grew by 400m

Next up is SubDAOs and they will be a gamechanger for growth in crypto Image
2)
 Before we launch the 4 SubDAOs, early next year we will set the stage with a new simplified brand (name TBD) to be the foundation for SubDAO marketing & growth

We want something laser focused on being simple, easy and fun for new and existing users alike Image
3)
 The biggest challenge Maker faces is the system has grown so much it has become too large, important and complex to effectively be governed as a single monolithic thing Image
Read 15 tweets
Rune Profile picture
May 11, 2023
Maker Endgame is a series of 5 major product launches that will take Maker to the forefront of DeFi and AI innovation.

It involves a new brand, new stablecoin and governance token, 6 new SubDAOs distributed through farming and Governance AI Tools

forum.makerdao.com/t/the-5-phases… Image
Phase 1: Beta Launch arrives within months with a new unified brand, a new website and the tokens NewStable and NewGovToken (names will be based on new brand).

Dai and MKR will remain functional permanently, and holders can choose to upgrade to NewStable and NewGovToken.
Phase 2: SubDAO Launch follows some months afterwards with 6 new SubDAOs and 6 SubDAO token farms available for NewStable users.

All initial SubDAO tokens will be distributed through these farms only. NewStable users can freely choose which to farm. USA & VPN IPs are ineligible.
Read 10 tweets
Rune Profile picture
Jan 5, 2022
How is Dai engineered for resilience?

Threadooor time

Resilience is determined by the weakest link, and isn't just about checking some boxes. It's a fundamental question of culture:

"Is the security of your users your core mission?"
Smart contract risk is the most important thing to consider when using DeFi, because of how bugs can sit dormant for years in mediocre code and suddenly be exploited as new anti-patterns are discovered.
A small flaw in a single component can cascade through an entire protocol
Maker is among the oldest and most secure smart contracts ever developed. It launched with 3 audits and formal verifications all the way back in 2019, and the high bar for shipping critical components continues to this day
More: github.com/makerdao/mcd-s…
Read 14 tweets
Rune Profile picture
Sep 10, 2021
A multichain future is a multisig future.

L1's by definition have unique security and governance models that means it is impossible to build trustless bridges between them, since the definition of trustless changes based on which side of the bridge you're standing.
The only solution is a third party with a security and governance model that allows it to "translate" between the two blockchains and deal with things like hard forks.

But multisig bridges are the worst, because anything that crosses them becomes centralized.
Seriously the trend of using multisigs to replace and duct tape over issues in blockchain is fine as a short term solution, but those who imagine them as long term solutions that can be relied on as core infrastructure should be sacrificed to satoshi.
Read 22 tweets
Rune Profile picture
Sep 25, 2020
Another day, another long tweet thread, this time about Dai deposit tokens (cDai and aDai) as collateral in Maker, and how they unlock a new avenue of rapid scalability and distribution of Dai
I'm really excited about when Maker can get cDai, aDai and other lending platform tokens as collateral. It has uniquely powerful synergy and I think its a type of composability that will stick around for the long run and be a key pillar of DeFi scale.
It will help solve a key issue that Maker is facing: How to rapidly scale without introducing too much technical risk.

Rushing to mass onboard random tokens as collateral isn't safe, because in theory doing a single such onboarding wrong could break the entire system.
Read 15 tweets
Rune Profile picture
Sep 24, 2020
Dai demand has completely exploded in the last 6 months. The high yield farms are gone, but there is still almost 900 million USD of demand for Dai, even at 1.01!

It's impossible to say how high the demand will be for Dai at 1.00 and a positive DSR - but it's a lot more.
Scaling the Dai supply to balance such extreme growth is no easy task. We should all be grateful MKR holders aren't short sighted enough to just funnel the influx of capital to themselves by adding MKR as collateral or some other "algorithmic"/seignorage shares-derived scheme
Adding large amounts of stablecoins is what governance determined is the least bad option. It can't fix the peg completely, but it can bring it to a more predictable target of 1.01 USD per Dai. And it means if demand for Dai collapses tomorrow, there will be no run on the bank.
Read 11 tweets

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