Potential Impact on MKR Price: MakerDAO’s New NST & NGT Tokens Launch

• MakerDAO, a leading player in the DeFi sector, has introduced two new tokens, NewStable and NewGovToken.
• The introduction of these tokens has led to an 8% surge in the price of MKR, MakerDAO’s native token.
• NewStable is an upgraded version of DAI, MakerDAO’s flagship stablecoin, while NewGovToken is designed to foster wider participation in governance.

MakerDAO’s new tokens, NewStable and NewGovToken, have stirred the crypto market, leading to an 8% surge in the price of MKR. The new tokens aim to enhance the DeFi ecosystem and foster wider participation in governance.

New Tokens Launched by MakerDAO

MakerDAO has been a dominant player in the DeFi sector, thanks to its constant protocol expansions. In its latest development, MakerDAO has introduced two new tokens – NewStable (NST) and NewGovToken (NGT). These tokens are placeholders for the final names, which will be revealed later.

Understanding the New Tokens

NewStable represents an upgraded version of DAI, MakerDAO’s flagship stablecoin. On the other hand, NewGovToken signifies a refined approach to governance. This token is designed to incentivize wider participation and foster a dynamic decision-making process within the MakerDAO ecosystem. DAI holders can seamlessly upgrade to NST, while ma... Read the full article for FREE at COINOTAG!