MakerDAO to Offer Optional MKR Conversions for New Governance Token

MakerDAO to Offer Optional MKR Conversions for New Governance Token

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Source: Coindesk.com

MakerDAO issues NewGovToken (NGT) and NewStable (NST) as a part of its "endgame" plan. NGT can be acquired by converting MKR at a ratio of one to 24,000. The new stablecoin is pegged 1:1 with DAI. Both MKR and DAI will remain active.

Read More https://www.coindesk.com/business/2024/08/23/makerdao-to-offer-optional-mkr-conversions-for-new-governance-token/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The post "MakerDAO to Offer Optional MKR Conversions for New Governance Token" appeared first here Coindesk.com.

Source: Coindesk.com

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