MakerDAO, a renowned figure in the DeFi domain, has disclosed plans to introduce two fresh tokens, NewStable and NewGovToken, to promote stability and governance within its ecosystem.

NewStable and NewGovToken Unveiled

The recent announcement from MakerDAO highlights the unveiling of NewStable (NST) and NewGovToken (NGT) in their system. NewStable is being touted as an enhanced version of Dai, the existing stablecoin, geared towards wider utilization and improved stability functionalities.

Farm NGT with NewStable

Starting from the launch, holders of NST will have the chance to farm NGT. This farming initiative will distribute 600 million NGT annually to participating NST holders, acting as a supplementary motivation for engaging with the platform.