MakerDAO to Offer Optional MKR Conversions for New Governance Token

2024-8-26 14:57

Crypto lending platform MakerDAO, the protocol behind the DAI stablecoin, will allow MKR holders to convert their tokens to NewGovToken (NGT) tokens at a ratio of 1:24,000.

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MakerDAO unveils revamped stablecoin and governance tokens

MakerDAO introduced new upgraded versions of its DAI stablecoin and the MKR governance token, called NewStable (NST) and NewGovToken (NGT), respectively. According to the Aug. 22 announcement, upgrading to the new tokens is optional, and they will not make DAI and MKR obsolete — both will continue to be available as before unless the protocol’s […] The post MakerDAO unveils revamped stablecoin and governance tokens appeared first on CryptoSlate.

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