Maker (MKR) has posted impressive gains of 44% in 7 days and 9.1% in 24 hour . It is 84.22% down from the ATH of $6,292.31 in May 2021 and 489.62% up from the ATL of $168.36 in March 2020. Time and date of writing (11am, 4 July 2023).
Some recent development seem to be spurring on this rise:
-
On 12 June 2023, as part of the weekly Maker Governance Cycle, MKR holders voted to increase yields on its DAI Savings Rate (DSR) to 3.49% from 1% Source: https://blog.oasis.app/dsr-rate-hike/
-
According to a Tweet on 13 May 2023, MakerDAO announced a number of planned updates to its ecosystem, including a large focus on AI and a planned development of a new blockchain. Dubbed 'Endgame,' the new, five-phase project includes:
-- Phase 1: Beta Launch - To establish a new unified brand for the ecosystem with a full rebrand and new website. It also introduces two new tokens to the revamped ecosystem under the codenames 'NewStable' and 'NewGovToken'
-- Phase 2: SubDAO Launch with six Maker SubDAOs and new 'NewStable' token farms, making governance more efficient than ever before.
--Phase 3: Governance AI Tools Launch - revolutionising governance with the launch of production-grade AI tools for improved decision-making.
--Phase 4: Governance Participation Incentive Launch - a focus on governance participation, with the launch of the Sagittarius Lockstake Engine (SLE).
--Phase 5: NewChain Launch and Final Endgame State - the last phase of the MakerDAO roadmap focused on launching the 'NewChain', a blockchain that will house all backend logic for SubDAO tokenomics and MakerDAO governance security. Source: https://twitter.com/MakerDAO/status/1657019717499109376?s=20
- And if all of that isn't enough, on 9 May 2023, MakerDAO launched Spark Protocol, a new DeFi lending solution for DAI users deployed on Ethereum with supply and borrow features for ETH, stETH, DAI, and sDAI. Source: https://twitter.com/MakerDAO/status/1655575088547127311?s=20 Show Less
1
