MakerDAO Launches NewGovToken Activation Feature

BlockBeats news, on July 17, MakerDAO founder Rune Christensen said on the social platform that MakerDAO launched the NewGovToken activation function. When the Spark sub-DAO is launched, NewGovToken holders will be able to activate their NewGovToken to obtain SPK rewards. NewGovToken activators will receive 15% of all SPK token rewards.

NewGovToken can be obtained by MKR at a ratio of 1:24,000, and will be launched after Endgame is launched. There is no lock-up period or additional risk for activating NewGovToken, and it can be deactivated instantly at any time.

Other rewards can also be selected in the future, including stablecoin rewards and 15% token rewards for all other launched sub-DAOs. The purpose of NewGovToken activation is to incentivize long-term participation in governance-in the future, delegation can be made while activating NewGovToken.