Maker Founder: PureDai will have its own new governance token

Maker founder Rune Christensen posted on the X platform stating that PureDai will have its own new governance token, with the following main features:

1. The initial supply of PureDai governance tokens is 2 billion;

2. The initial supply will be distributed to NewStable mining users on the Ethereum mainnet within 5 years;

3. Permanently distributed to PureDai vaults users to subsidize the generation of PureDai;

4. Surplus parts of PureDai will be used to accumulate PureDai governance tokens through a smart burn engine;

5. The PureDai governance token will play a backstop role when bad debts occur in PureDai.

In previous news, Rune posted yesterday saying he would launch a stablecoin, PureDai, which remains faithful to the original vision of the protocol outside of NewStable.