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MakerDAO: DAI and MKR will continue to be available, and upgrading to NewStable and NewGovToken is optional
2024-08-22 14:06:28
Odaily News MakerDAO said on the X platform that Endgame introduces NewStable and NewGovToken, upgraded versions of DAI and MKR. However, DAI and MKR will still be available. Unless the governance department decides otherwise, the two tokens are expected to remain unchanged for the foreseeable future. Users can continue to hold and use both tokens as before. DAI will remain available indefinitely. Users can upgrade to NewStable and choose to revert to DAI at any time. 1 DAI = 1 NewStable (NST). MKR can still be used to vote on governance proposals. Eventually, NewGovToken (NGT) will be used for voting, seamlessly converted back to MKR to ensure flexibility. During the upgrade, 1 MKR = 24,000 NewGovToken (NGT). The renaming of NewGovToken is intended to promote broader governance participation. It allows more users to hold a large number of NewGovToken and actively influence the future of the ecosystem. Upgrading to NewStable and NewGovToken is optional.