MakerDAO, a significant player in decentralized finance (DeFi), disclosed in an official announcement on X their forthcoming introduction of two fresh tokens. The names of these tokens, known as the NewStable (NST) and NewGovToken (NGT), are set to be unveiled during an upcoming branding event.

NewStable emerges as the placeholder for an enhanced iteration of Dai, the stablecoin already established by MakerDAO. The debut of this new token, as clarified by the official declaration, aims at broad adoption, integrating advanced stability aspects. Prominently, this token is designed to allow regular conversions between itself and DAI, a key stablecoin in the ecosystem.

Moreover, holders of NST will have the enticing prospect of engaging in farming activities to acquire NGT right from the initiation phase. A cumulative endowment of 600 million NGT will be dispensed yearly to participating NST bearers through this innovative farming mechanism.
In the MakerDAO realm, NewGovToken signifies a polished method of managing governance within the ecosystem. The focal goal involves stimulating wider involvement and fostering more dynamic decision structures. Concretely, each Maker (MKR) token stands eligible for a conversion into 24,000 NGT units.

A deliberate strategic adjustment has been made concerning the total supply of NewGovToken set against MKR. Consequently, throughout this transformation, each MKR will transition into 24,000 NewGovTokens. This recalibration is projected to broaden the accessibility of NewGovTokens amongst numerous users, enhancing ownership levels significantly.

Precisely conveyed in the official announcement is the assurance that these innovative introductions encompass an expansion of the current landscape and are by no means intended to supplant the existing Dai (DAI) and Maker (MKR) tokens.