MakerDAO will release upgraded versions of DAI and MKR, called NST and NGT.

DailyNews

2024-08-23 07:08:16

Abstract generation in progress

On August 23, MakerDAO announced its Endgame plan and will launch upgraded versions of DAI and MKR called NewStable (NST) and NewGovToken (NGT), according to TheBlock. MakerDAO emphasized that existing DAI and MKR will remain available unless the governance department decides otherwise. Users can continue to hold and use both tokens. DAI will be available indefinitely, and users can upgrade to NewStable (NST) and choose to convert back to DAI at any time. The exchange rate is 1 DAI = 1 NewStable. In the future, the ecosystem will explore the differentiation between DAI and NewStable, with DAI focusing on encryption native use cases, while NewStable will be adopted on a large scale.

MKR will continue to be used for governance proposal voting, and the upcoming NGT will also be used for voting, which can be seamlessly converted back to MKR to ensure flexibility. The exchange rate is 1 MKR = 24,000 NewGovToken.

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