Token2049 | Exclusive Interview with MakerDAO Founder: Solana Controversy is Just a Misunderstanding! Asia's Regulatory Environment Highly Praised

At the Token2049 event on the second day, MakerDAO founder Rune Christensen gave a speech titled "Endgame," revealing the future development of the project. After the event, I had the opportunity to conduct a brief interview with him. Let's see what he had to say!

MakerDAO Founder Discusses Endgame: Plans for 4 SubDAOs

During the speech, Rune first mentioned that in the Endgame plan, MakerDAO will unify its brand by updating existing tokens. Users can exchange MKR for "new governance tokens" at a ratio of 1:12000, and the exchange ratio for "new stablecoins" is 1:1, which can be used for mining new governance tokens.

Another issue that needs to be addressed in Endgame is "Governance Scalability." As the MakerDAO ecosystem grows, there will be smaller, more flexible organizations called "SubDAOs" to handle different products.

SubDAOs will have their own tokens, which can be obtained through mining new stablecoins. Token holders of SubDAOs will collectively decide the future direction of the SubDAO.

In the initial SubDAO, MakerDAO has already incubated four high-quality companies known as "Nested Teams," providing a structured approach for MakerDAO members to participate in the early development of SubDAOs.

The 4 SubDAOs are:

• Sakura: Sakura focuses on community as the core, providing simple DeFi functions to create content through sustainable economics.
• Spark: This SubDAO already has an existing product, the Spark Protocol known for DAI savings, aiming to create DeFi products that everyone wants to use.
• Quant: Quant focuses on large-scale, high-frequency tokenized RWA products and market-making activities.
• Qual: Qual focuses on deep and highly specialized financial products, aiming for potential high returns through more complex and small-scale transactions, such as tokenized private credit.

Furthermore, according to an interview with Tadeo, the developer of Spark Protocol, the names and designs of Quant and Qual are temporary and subject to change in the future. New stablecoins can be staked for mining SubDAO tokens, allowing users to choose the SubDAO they are interested in.

As for future plans for the Endgame project, Rune stated that the new governance tokens and stablecoins will be launched in early next year, and by Q2, users can start mining SubDAO tokens using the new stablecoins.

Exclusive Interview with MakerDAO Founder, Rune Christensen

During the event, Rune was interviewed, and several questions were asked.

First, in the concept of SubDAOs, can everyone issue their own projects and tokens when they become participants?

To this, Rune stated, "No one can create SubDAOs; they are all established by MakerDAO." However, there will be a platform for people to make proposals and create value for SubDAOs.

Rune gave an example, saying that Sakura DAO focuses on Japan's SubDAO, where all Japanese projects can propose and launch games and features expected by the community. Therefore, SubDAOs are not established by individuals or single organizations, allowing for better decentralization in their operations.

Additionally, Rune praised the positive attitude of the Japanese government towards the crypto industry, contrasting it with the uncertainties faced by developers in Western countries, where they may worry about sudden bans.

Next, when asked about the recent Solana controversy, Rune was questioned if there was anything he wanted to clarify.

"It's a complete misunderstanding; basically, we just announced considering Solana as one of the ultimate backend options for SubDAO in initial experiments." Rune explained.

As SubDAOs are token-centric organizations, they benefit from efficient backends for token exchanges and operations. MakerDAO is currently seeking the best technical solution, which may be based on Ethereum or Solana. The current focus is on practical experimentation.

Lastly, with Token2049 concluded, how does Rune feel about the event?

Rune mentioned feeling busier during his time in Asia, despite the cold crypto bear market. This feeling stemmed from the significant regulatory changes in the West.

"People have been saying for years that Asia would be the future of the crypto industry, and now it might finally be happening." Rune remarked.

Rune praised the ability for developers to go to countries like South Korea, Japan, Singapore, and Hong Kong, where they can attract talented innovators without worrying about regulatory uncertainties.

Special thanks to the Japanese media NftStudio24 for their support in completing this report.