Leading Altcoin Developers Announce Launch of Two New Tokens, Kickstarting Farming: A Major Boost for Crypto Market

• MakerDAO, a leading platform in the decentralized finance (DeFi) sector, has announced plans to introduce two new tokens to its ecosystem, namely NewStable (NST) and NewGovToken (NGT).
• NewStable is introduced as an upgraded version of MakerDAO’s existing stablecoin, Dai, designed for broader adoption and comes with advanced stability features.
• According to the announcement, NST holders will have the opportunity to farm NGT from the launch, with a total of 600 million NGT to be distributed annually to participant NST holders through farming.

MakerDAO, a prominent player in the DeFi space, is set to launch two new tokens, NewStable and NewGovToken, aimed at enhancing stability and governance within its ecosystem.

Introduction of NewStable and NewGovToken

MakerDAO’s official announcement revealed the introduction of two new tokens, NewStable (NST) and NewGovToken (NGT), into its ecosystem. NewStable is presented as an enhanced version of the existing stablecoin, Dai, designed for wider adoption and improved stability features. It will allow continuous conversion back to another stablecoin, DAI.