MakerDAO, a key player in decentralized finance (DeFi), has revealed plans to introduce two new tokens - NewStable and NewGovToken. NewStable, an upgraded version of Dai, aims for broader adoption and better stability. NST holders will have the chance to farm NGT, with 600 million NGT distributed annually through farming.

Introduction of NewStable and NewGovToken

NewStable and NewGovToken are the latest additions to MakerDAO's ecosystem. NewStable offers enhanced stability and is more accessible, while NewGovToken focuses on improving governance within the platform. Each Maker token will convert to 24,000 NGT.

Farming Opportunities with NewStable

Farm your way to NGT with NewStable! Users holding NST will participate in farming, receiving a yearly distribution of 600 million NGT. This incentivizes users to adopt the new token and engage in the farming process.

NewGovToken: A Refined Governance Approach

NewGovToken is a step towards better governance, encouraging wider participation and dynamic decision-making. By strategically re-nominating the supply of NGT compared to MKR, users can convert each MKR to 24,000 NGT. This aims to increase ownership and participation in governance processes.

Conclusion

The unveiling of NewStable and NewGovToken does not replace existing Dai and Maker tokens but expands the ecosystem. MakerDAO's strategic move towards stability and governance improvements signals potential growth and attracts more users to engage in the platform's decision-making processes.