MakerDAO Introduces Upgraded DAI and MKR Tokens
23.08.2024 16:00 1 min. read Alexander Stefanov
MakerDAO has announced a significant upgrade with new versions of its DAI stablecoin and MKR governance token.
The upgraded tokens, NewStable (NST) and NewGovToken (NGT), offer optional adoption while keeping the original tokens available unless governance decides otherwise.
The transition will involve converting DAI to NST at a 1:1 ratio, while MKR will exchange for NGT at a ratio of 1 MKR to 24,000 NGT. This setup aims to increase governance participation by allowing more users to hold substantial amounts of NGT.
NewStable focuses on mass market adoption and compliance with regulations, including a planned freeze function for legal certainty. However, this feature won’t be available at launch and will be subject to future governance decisions.
These updates are part of MakerDAO’s “Endgame” strategy, designed to improve governance and tokenomics, leading towards a more resilient and self-sustaining ecosystem. The plan includes creating specialized sub-DAOs and restructuring governance for greater efficiency.
-
1
Sonic Prepares to Launch Algorithmic Stablecoin
23.03.2025 16:00 2 min. read -
2
XRP ETF Approval Looms as Major Firms Eye Market Entry
26.03.2025 19:00 2 min. read -
3
Binance Ends USDT Spot Trading in Europe to Comply with MiCA
01.04.2025 17:00 2 min. read -
4
Japanese Company Now Accepts XRP for Property Purchases
24.03.2025 15:00 2 min. read -
5
XRP Breaks Free from Downtrend, But Is the Rally Sustainable?
20.03.2025 8:00 2 min. read
XRP Set for Bigger Role as Ripple Buys Hidden Road for $1.25 Billion
Ripple is stepping up its presence in traditional finance with the acquisition of Hidden Road, a prime brokerage platform serving institutional clients.
Terra Classic Stirs Again Ahead of Do Kwon’s Court Date, But Price Struggles Persist
Once a headline-grabbing giant in the crypto space, Terra Classic (LUNC) is back in the spotlight as co-founder Do Kwon faces a pivotal court hearing in the U.S. on April 10.
Trump-Backed DeFi Project Under Pressure as ETH Holdings Sold at Heavy Loss
A wallet believed to be connected to World Liberty Financial (WLFI), a decentralized finance platform backed by the U.S. President Donald Trump, has reportedly offloaded millions in Ethereum (ETH) far below its purchase price—raising eyebrows in the crypto community.
XRP Adoption Hits Record High as Holders Look Beyond Short-Term Price Slump
Despite turbulent conditions across the crypto market, XRP continues to attract new holders, with on-chain data pointing to a growing investor base focused on long-term potential rather than immediate gains.
-
1
Sonic Prepares to Launch Algorithmic Stablecoin
23.03.2025 16:00 2 min. read -
2
XRP ETF Approval Looms as Major Firms Eye Market Entry
26.03.2025 19:00 2 min. read -
3
Binance Ends USDT Spot Trading in Europe to Comply with MiCA
01.04.2025 17:00 2 min. read -
4
Japanese Company Now Accepts XRP for Property Purchases
24.03.2025 15:00 2 min. read -
5
XRP Breaks Free from Downtrend, But Is the Rally Sustainable?
20.03.2025 8:00 2 min. read
