MakerDAO's founder, Rune Christensen, introduced the Endgame update to the community on May 11. The update's roadmap outlines five launch phases that involve the introduction of artificial intelligence (AI) tools to improve participation, resiliency, and efficiency.

On March 20, a vote was opened for the MakerDAO community to ‘normalize’ the parameters of the Price Stability Module (PSM). As a result, USDC remained the main reserve asset of PSM.

Arthur Hayes, the co-founder and former CEO of crypto exchange BitMEX, criticized both custodian and decentralized stablecoins and proposed a new stablecoin called the Satoshi Nakamoto Dollar, or NakaDollar (NUSD). Unlike existing stablecoins, NUSD would be supported only by Bitcoin.

The founder of MakerDAO, Rune Christensen, said he believes that the DAI stablecoin is due for a rebrand.

The Frax Finance community voted to cancel the algorithmic component of the FRAX stablecoin. Gradually, the stablecoin will be fully collateralized.

As we wrote earlier, in July 2022 the Aave community voted for the release of a GHO stablecoin. The stablecoin will work on the Ethereum network, and will also be re-secured with crypto assets.

Paxos will increase the share of its USDP stablecoin in Maker's DAI Peg Stability Module (PSM). To facilitate this Paxos will transfer MakerDAO 45% of the income it gets from its own reserves on the deposited coins.

MakerDAO Management unanimously voted to withdraw the RENBTC-A pledge.