newgovtoken

ChainCatcher message, MakerDAO stated on social media that the Endgame introduces upgraded versions of DAI and MKR, namely NewStable and NewGovToken. However, DAI and MKR will still be available. Unless the governance department decides otherwise, these two tokens are expected to remain unchanged for the foreseeable future. Users can continue to hold and use these two tokens as before. DAI will remain indefinitely available. Users can upgrade to NewStable and can choose to revert back to DAI at any time. 1 DAI = 1 NewStable (NST). MKR will still be used for voting on governance proposals. Ultimately, NewGovToken (NGT) will be used for voting, seamlessly converting back to MKR to ensure flexibility. During the upgrade, 1 MKR = 24,000 NewGovToken (NGT).The renaming of NewGovToken aims to promote broader governance participation. It allows more users to hold a significant amount of NewGovToken and actively influence the future of the ecosystem. Upgrading to NewStable and NewGovToken is optional.

ChainCatcher news, MakerDAO founder Rune Christensen announced the launch of the NewGovToken activation feature. Holders can earn SPK rewards by activating NewGovToken, accounting for 15% of the total rewards.NewGovToken can be obtained by upgrading MKR at a ratio of 1:24,000, with no lock-up period and can be deactivated at any time. In the future, stablecoin rewards and tokens from other SubDAOs may also be available. The feature requires approval through the governance process and is not available to users in the United States and VPN users.

ChainCatcher message, MakerDAO announced on platform X that it will launch two new tokens: NewStable and NewGovToken. Following the upcoming brand release, the new tokens will be introduced to the ecosystem.NewStable (NST) is the token symbol for the upgraded version of Dai, designed for broader adoption and featuring enhanced stability functions.NewGovToken (NGT) represents a refined governance approach within the ecosystem, aimed at encouraging broader participation and more dynamic decision-making. During the upgrade process, each MKR will be exchanged for 24,000 NewGovTokens, intended to facilitate wider governance participation. The final names of both will be revealed through the brand announcement.