MakerDAO will offer an optional MKR conversion for the new governance token NGT
Bitget2024/08/23 12:32
Crypto lending platform MakerDAO will allow MKR holders to convert their tokens into newly issued NewGovToken (NGT) tokens, CoinDesk reports. Holders will be able to exchange 1 MKR token for 24,000 NGT tokens, which MakerDAO hopes will increase governance participation as users will hold a larger number of NGT tokens.
In addition to the launch of NGT, MakerDAO also announced NewStable (NST), a new stablecoin that will be tied to DAI 1:1. Both DAI and MKR will remain available and conversion will be optional.
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