🏦 DeFi: Makerdao

MakerDAO is progressing toward its “Endgame” architecture, a shift that aims to replace the current collateralized debt position (CDP) model with a more flexible, algorithmic system. The rollout is being phased through testnet migrations, with the mainnet migration slated for Q4 2024. Early testnet results show reduced front‑end latency and improved oracle integration, potentially lowering liquidation risk for Maker’s DAI stablecoin. However, the migration introduces new smart‑contract audit requirements and could temporarily tighten liquidity as users pause withdrawals. Sky (SKY) has gained 3.27% amid speculation that Maker’s migration may redistribute liquidity from DAI to alternative stablecoins, boosting SKY’s demand in its own DeFi ecosystem. Meanwhile, the Kelp exploit exposed gaps in Aave’s and Compound’s safety nets, prompting a comparative analysis that highlighted Maker’s historically robust collateral coverage ratios.