Blockchain developments continue to make headlines as projects take significant steps forward. In the Ethereum ecosystem, the lending and borrowing platform MakerDAO made an important announcement via social media platform X. According to the shared tweet, MakerDAO announced it will launch two new tokens.
MakerDAO’s Notable Move
The tweet released to the public by the MakerDAO team introduced two new tokens. Named NewStable (NST) and NewGovToken (NGT), these projects mark an important step in the process. According to the team’s statement, NewStable has been adapted and upgraded as a codename for broader adoption of Dai. The official name will be announced in the future.
NewGovToken will serve as a governance token within the MakerDAO ecosystem, designed to encourage wider participation and a more dynamic decision-making process by the community. This token’s official name will also be announced in the future.
Dai holders will be able to convert their assets to NST as they wish and can buy back Dai if they choose. For NGT, users will be able to receive 24,000 NGT for each Maker token. This step is designed to encourage investor participation in governance activities.
