#Transitioning MakerDAO’s Core Unit Team into a MetaDAO

It is reported that Community Governance recently approved the newly proposed constitution of MakerDAO, which is an important step towards Rune Christensen’s “Endgame” plan. One part of the Endgame project is to transform the existing Maker core unit team into a metaDAO, also known as subDAO. Each has its own governance token. As part of the transition, the existing agreement engineering core department of MakerDAO will be disbanded at the end of this month and enter a new operational framework. Many engineers will also leave the team.  

MakerDAO Community Governance approved the newly proposed Endgame plan

In the cryptocurrency world, the MakerDAO project holds a significant position as a decentralized autonomous organization (DAO) that manages a stablecoin called DAI. Recently, MakerDAO has taken a major step towards Rune Christensen’s “Endgame” plan. According to reports, the newly proposed constitution of MakerDAO has been approved by Community Governance, which paves the way for the transformation of the existing Maker core unit team into a metaDAO or subDAO. This article will discuss the implications of this move and what it means for MakerDAO’s future.
##What is MakerDAO?
Before we delve into the significance of the proposed transformation, it is important to understand what MakerDAO is. MakerDAO is a decentralized organization built on the Ethereum blockchain that manages the protocol for the issuance of DAI, a stablecoin pegged to the US dollar. The stablecoin is known for its versatility, as it can be used in a number of decentralized finance (DeFi) applications, such as lending, trading, and payments. MakerDAO is governed by its token holders, who vote on proposals and decisions related to the protocol’s development and direction.
##What is the Endgame Plan?
The Endgame plan is the brainchild of Rune Christensen, the founder of MakerDAO. It is a long-term vision to create a more decentralized and sustainable DAO that is capable of managing itself without the need for any centralized authority or team. The plan involves transforming the existing Maker core unit team into multiple subDAOs, each with its own governance token, and working collaboratively towards the development and maintenance of the protocol.
##Transitioning to a MetaDAO
As part of the Endgame plan, the MakerDAO core unit team will be disbanded at the end of this month, and a new operational framework will be established. This framework will enable the formation of subDAOs that will manage specific aspects of the protocol’s development and maintenance. Each subDAO will have its own governance token, allowing community members to have a say in the direction of the DAO.
The transition to a metaDAO is a critical step towards achieving the Endgame goal of decentralization. The existing centralization of the Maker core unit team has been a major obstacle in achieving this vision. By transforming the core unit into multiple subDAOs, MakerDAO will become more decentralized, and the decision-making process will become more transparent and community-driven.
##The Implications of the Transition
The transition to a metaDAO has significant implications for MakerDAO’s future. The decentralization of the DAO is expected to improve decision-making and ensure that the protocol is not controlled by a single entity or a small group of individuals. It will also make the DAO more resilient and resistant to attacks, as it will no longer be dependent on a centralized team. The use of multiple subDAOs will also foster collaboration among community members, leading to more innovation and progress.
However, the transition is not without its challenges. The disbanding of the Maker core unit team and the formation of new subDAOs will require significant coordination and planning. There may also be a period of instability and uncertainty as the new operational framework is established. Additionally, many engineers may leave the team, which could potentially affect the development of the protocol.
##Conclusion
The transformation of MakerDAO’s core unit team into a metaDAO is a significant step towards achieving the Endgame vision of decentralization. The use of subDAOs will make the DAO more resilient and transparent, and foster collaboration among community members. However, the transition will not be without its challenges, and there may be a period of instability as the new operational framework is established. Nonetheless, this move demonstrates MakerDAO’s commitment to decentralization and its continued efforts to improve the protocol for its users.
##FAQs
Q1. What is MakerDAO?
A1. MakerDAO is a decentralized organization that manages the protocol for the issuance of DAI, a stablecoin pegged to the US dollar.
Q2. What is the Endgame Plan?
A2. The Endgame plan is a long-term vision to create a more decentralized and sustainable DAO that is capable of managing itself without the need for any centralized authority or team.
Q3. What is the significance of the transition to a metaDAO?
A3. The transition to a metaDAO is a critical step towards achieving the Endgame goal of decentralization. It will make the DAO more resilient, transparent, and community-driven.
##