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MakerDAO: DAI and MKR will continue to be available, and upgrading to NewStable and NewGovToken is optional

MakerDAO: DAI and MKR will continue to be available, and upgrading to NewStable and NewGovToken is optional

CointimeCointime2024/08/22 14:31
By:Cointime

MakerDAO announced on X platform that the Endgame plan has introduced upgraded versions of DAI and MKR called 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 in the foreseeable future. Users can continue to hold and use these two tokens as before. DAI will remain available indefinitely. Users can upgrade to NewStable and choose to switch back to DAI at any time. 1 DAI = 1 NewStable (NST). The ecosystem will ultimately explore ways to differentiate between DAI and NewStable, with DAI focusing on native crypto use cases and NewStable targeting mass adoption. MKR can still be used to vote on governance proposals.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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