MakerDAO Prepares To Launch Two New Tokens: NewStable And NewGovToken

According to BlockBeats, MakerDAO is gearing up to introduce two new tokens, named NewStable and NewGovToken. NewStable (NST) is an upgraded version of Dai, designed for broader adoption and enhanced stability features. The official name will be announced through a brand reveal. NewGovToken (NGT) represents a refined approach to governance within the MakerDAO ecosystem. It aims to encourage wider participation and more dynamic decision-making. The final name will also be disclosed through a brand reveal. The process for token holders to transition is straightforward. For NewStable (NST), Dai holders can seamlessly upgrade to NewStable, enjoying the flexibility to revert to Dai at any time. For NewGovToken (NGT), each Maker token (MKR) can be exchanged for 24,000 NGT. This renaming is intended to encourage broader participation in governance activities. These additional features represent an expansion and will not replace the existing Dai (DAI) and Maker (MKR) tokens. Users have the option to transition to NewStable and NewGovToken.