Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
Home»TRADING NEWS»MakerDAO Reveals Two New Tokens After Major Overhaul
TRADING NEWS

MakerDAO Reveals Two New Tokens After Major Overhaul

By Crypto FlexsMay 5, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
MakerDAO Reveals Two New Tokens After Major Overhaul
Share
Facebook Twitter LinkedIn Pinterest Email
  • The two new tokens released by MakerDAO are NewStable (NST) and NewGovToken (NGT).
  • NST replaces Dai and offers upgraded features, while NGT replaces MKR and supports broader governance participation.
  • Existing Dai and MKR holders can convert to the new tokens or continue using their current assets.

MakerDAO, the decentralized autonomous organization that oversees the Maker Protocol, announced the introduction of two new tokens: NewStable (NST) and NewGovToken (NGT).

This token represents an important milestone in the evolution of MakerDAO and provides improved stability and governance features within the ecosystem.

NewStable (NST) Token

The NewStable (NST) token represents an upgraded version of Dai, designed to promote broader adoption and provide advanced stability features.

Existing Dai holders will have the option to seamlessly upgrade to NST while retaining the flexibility to convert their holdings back to Dai at any time.

Additionally, NST holders will be able to engage in farming activities to earn NewGovTokens (NGT) from the moment of launch.

NewGovToken (NGT) Token

The NewGovToken (NGT) token serves as a new governance token within the MakerDAO ecosystem and provides Maker (MKR) holders the opportunity to upgrade their token.

Each MKR token will be converted to 24,000 NGT during the upgrade process and will be strategically redistributed to encourage broader participation in governance activities. This initiative aims to enable more users to hold a significant number of NGTs, allowing them to actively influence the future direction of the MakerDAO ecosystem.

MakerDAO scales its product while maintaining flexibility.

With the introduction of NST and NGT, MakerDAO is expanding its product while maintaining flexibility for users.

The upcoming brand reveal will officially introduce these tokens into the ecosystem, giving users access to new features and opportunities.

In addition to launching tokens, MakerDAO is also exploring investment opportunities to further strengthen its ecosystem. The plan includes investing $600 million in DAI in USDe and staked USDe (sUSDe) through Morpho Labs’ DeFi lending protocol. These investments aim to support the development and growth of stablecoin assets within the DeFi space.


Share this article

category

tag

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin has taken 3%of Trump tariffs and $ 75 million in Longs.

August 4, 2025

$ 3.5 billion in 2020 Bitcoin attack discovered by Arkham Intel

August 3, 2025

Since April, Telegram Growth and Stacking have driven Funtoken’s price soaring

August 2, 2025
Add A Comment

Comments are closed.

Recent Posts

Bitfinex Alpha | While the market is waiting for the catalyst, BTC is integrated and leverage falls.

August 4, 2025

Apu Is Now Live For Trading On Hyperliquid

August 4, 2025

Mara raises hashrates, reaches 50K Bitcoin, and plans to expand

August 4, 2025

Bybit Expands USDT0 Support To HyperEVM, Corn, And Berachain — Unlocking Seamless Stablecoin Access Across Ecosystems

August 4, 2025

Credix Hack adds $ 3.1 billion in defect loss in 2025, depending on Multisig Oblures Surge.

August 4, 2025

Bybit’s Ben Zhou Invites Community To Rewrite Their Own Success In Mid-Year Keynote Livestream

August 4, 2025

Bitcoin has taken 3%of Trump tariffs and $ 75 million in Longs.

August 4, 2025

$ 3.5 billion in 2020 Bitcoin attack discovered by Arkham Intel

August 3, 2025

Stablecoins are finally legal

August 3, 2025

SOLANA DEX Volume Co -founder Slam Mim Coin 20% deep

August 2, 2025

DLMining Releases 2025 ETH Contract Innovation Plan, Ushering In A New Era Of Inclusive Mining

August 2, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Bitfinex Alpha | While the market is waiting for the catalyst, BTC is integrated and leverage falls.

August 4, 2025

Apu Is Now Live For Trading On Hyperliquid

August 4, 2025

Mara raises hashrates, reaches 50K Bitcoin, and plans to expand

August 4, 2025
Most Popular

The US encryption index ETF starts slowly on the first day after the list.

February 22, 2025

The Donut Agent encryption browser raises $ 7 million to finance the Internet browser.

May 29, 2025

$2 Billion in Dormant Bitcoin (BTC) Moved After 5 Years: Arkham

January 17, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.