MakerDAO rolled out new tokens, namely NewStable and NewGovToken, as part of its latest offering. How will MKR be affected?
has been one of the most dominant players in the DeFi sector for quite some time. One reason for the same has been the constant protocol expansions.In their most recent development, the MakerDAO governance has introduced two new tokens — NewStable and NewGovToken .NGT, on the other hand, signifies a refined approach to governance. This token is intended to incentivize wider participation and foster a more dynamic decision-making process within the MakerDAO ecosystem.
For NGT, each MKR token can be exchanged for a hefty 24,000 NGT. This, according to MakerDAO, aims to specifically encourage broader participation in governance.
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