newstable

ChainCatcher message, MakerDAO stated on social media that the Endgame introduces upgraded versions of DAI and MKR, namely NewStable and NewGovToken. However, DAI and MKR will still be available. Unless the governance department decides otherwise, these two tokens are expected to remain unchanged for the foreseeable future. Users can continue to hold and use these two tokens as before. DAI will remain indefinitely available. Users can upgrade to NewStable and can choose to revert back to DAI at any time. 1 DAI = 1 NewStable (NST). MKR will still be used for voting on governance proposals. Ultimately, NewGovToken (NGT) will be used for voting, seamlessly converting back to MKR to ensure flexibility. During the upgrade, 1 MKR = 24,000 NewGovToken (NGT).The renaming of NewGovToken aims to promote broader governance participation. It allows more users to hold a significant amount of NewGovToken and actively influence the future of the ecosystem. Upgrading to NewStable and NewGovToken is optional.

ChainCatcher news, Maker founder Rune Christensen posted on social media that PureDai will have its own new governance token, with the following main features:The initial supply of the PureDai governance token is 2 billion;The initial supply will be distributed to NewStable mining users on the Ethereum mainnet over 5 years;Permanently distributed to PureDai vaults users to subsidize the generation of PureDai;The surplus portion of PureDai will be used to accumulate PureDai governance tokens through a smart burn engine;The PureDai governance token will play a backing role when PureDai faces bad debts.ChainCatcher previously reported that Maker founder Rune Christensen stated on the X platform that, as a complement to NewStable, to meet the needs of users who prefer a purely decentralized vision, Maker is expected to launch another purely decentralized stablecoin, PureDai.

ChainCatcher news, Maker founder Rune Christensen posted on the X platform stating that as a complement to NewStable, to meet the needs of users who prefer a purely decentralized vision, Maker is expected to launch another purely decentralized stablecoin, PureDai.In the future, users holding DAI will be able to upgrade DAI to NewStable or PureDai, with the conversion to NewStable expected to be available in the short term, while PureDai is anticipated to be released in a few years.PureDai will be a purely decentralized over-collateralized stablecoin (supporting ETH and stETH) that will only be deployed on the Ethereum mainnet, relying on decentralized oracle operations, and will have no governance or other budget. PureDai will be released in an immutable form, meaning that the token will not require further upgrades or changes from the moment of its release and will be completely independent of Maker.Rune added that until PureDai confirms a new brand, PureDai will be used as a temporary name for the token.

ChainCatcher message, MakerDAO announced on platform X that it will launch two new tokens: NewStable and NewGovToken. Following the upcoming brand release, the new tokens will be introduced to the ecosystem.NewStable (NST) is the token symbol for the upgraded version of Dai, designed for broader adoption and featuring enhanced stability functions.NewGovToken (NGT) represents a refined governance approach within the ecosystem, aimed at encouraging broader participation and more dynamic decision-making. During the upgrade process, each MKR will be exchanged for 24,000 NewGovTokens, intended to facilitate wider governance participation. The final names of both will be revealed through the brand announcement.