MakerDAO founder: Launch NewGovToken activation function
Odaily2024/07/17 03:49
By:Odaily
Odaily News Rune Christensen, founder of MakerDAO, posted 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 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.
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