PANews reported on July 17 that Rune Christensen, founder of MakerDAO, said on the X platform that MakerDAO has launched the NewGovToken activation function. When the Spark sub-DAO is launched, NewGovToken holders will be able to activate their NewGovToken to receive SPK rewards. NewGovToken activators will receive 15% of all SPK token rewards.
NewGovToken can be obtained by staking MKR at a ratio of 1:24,000 and will be available soon after Endgame launches. There is no lock-up period or additional risk when activating NewGovToken, and it can be deactivated instantly at any time. Other rewards can be selected in the future, including stablecoin rewards and 5% 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.