MakerDAO Proposes to Launch New Governance Token $stkMKR to Replace $MKR

MakerDAO Risk Control Team member monetsupply.eth releases proposed token economics and governance revamp proposal to launch new governance token $stkMKR to replace $MKR. In particular, $stkMKR is non-transferable and represents $MKR staked in governance. Withdrawing from $stkMKR requires waiting through a pre-set unbonding period. In addition, Staked tokenholders will receive a share of MKR tokens purchased through surplus auctions, thereby encouraging $MKR holders to stake and participate in governance through the new governance tokens.