Spark, the first SubDAO set to launch.
Spark emerges as the pioneer among Maker SubDAOs, shaping the future of MakerDAO’s Endgame roadmap.
It fosters a dedicated and independent community that leverages the power of MakerDAO to develop innovative DeFi products that address proven market demands.
The highly anticipated Launch Season reaches its peak with the arrival of SparkDAO, along with its native token SPK and a variety of SPK token farming programs
Learn more about what SparkDAO has to offer. ↓
Spark emerges as the pioneer among Maker SubDAOs, shaping the future of MakerDAO’s Endgame roadmap.
It fosters a dedicated and independent community that leverages the power of MakerDAO to develop innovative DeFi products that address proven market demands.
The highly anticipated Launch Season reaches its peak with the arrival of SparkDAO, along with its native token SPK and a variety of SPK token farming programs
Learn more about what SparkDAO has to offer. ↓
Spark App: The Powerhouse of DeFi
Spark's main offerings include SparkLend and Cash & Savings, available on .
• SparkLend enables users to borrow DAI at large scales using high-liquidity assets, with a best-in-class user experience.
• Spark Cash & Savings introduces a decentralized, on-chain banking-like product that connects cash and savings accounts’ features with the Dai Savings Rate (DSR). It is accessible with DAI, USDT, and USDC.app.spark.fi
Spark's main offerings include SparkLend and Cash & Savings, available on .
• SparkLend enables users to borrow DAI at large scales using high-liquidity assets, with a best-in-class user experience.
• Spark Cash & Savings introduces a decentralized, on-chain banking-like product that connects cash and savings accounts’ features with the Dai Savings Rate (DSR). It is accessible with DAI, USDT, and USDC.app.spark.fi
SPK Tokenomics: Pre-farming the airdrop
SparkLend users can participate in pre-farming activities on to start earning SPK tokens in advance.
The current SPK pre-farming program will be active until May 20th, 2024. Earned SPK tokens will be distributed at the Spark Launch.
Users of SparkLend can track their accrued SPK tokens at .
Find more details about the pre-farming airdrop here: spark.fi
spark.blockanalitica.com/v1/ethereum/ai…
forum.makerdao.com/t/proposed-spa…
SparkLend users can participate in pre-farming activities on to start earning SPK tokens in advance.
The current SPK pre-farming program will be active until May 20th, 2024. Earned SPK tokens will be distributed at the Spark Launch.
Users of SparkLend can track their accrued SPK tokens at .
Find more details about the pre-farming airdrop here: spark.fi
spark.blockanalitica.com/v1/ethereum/ai…
forum.makerdao.com/t/proposed-spa…
Once SparkDAO is launched, SPK tokens can be farmed through yield farming.
Upon the launch of Spark, NewStable users will have the opportunity to yield farm SPK tokens on both the Ethereum mainnet and a major L2 scaling solution.
A total of 4 billion SPK tokens will be distributed over a 10-year period:
1 billion tokens will be distributed annually for the first 2 years. Subsequently, the distribution rate will decrease by half every 2 years, ensuring a controlled release of SPK tokens.
• NewStable users will receive 70% of the distributed tokens (700 million SPK annually).
• Lockstake Engine users will receive the remaining 30% (300 million SPK annually).
Upon the launch of Spark, NewStable users will have the opportunity to yield farm SPK tokens on both the Ethereum mainnet and a major L2 scaling solution.
A total of 4 billion SPK tokens will be distributed over a 10-year period:
1 billion tokens will be distributed annually for the first 2 years. Subsequently, the distribution rate will decrease by half every 2 years, ensuring a controlled release of SPK tokens.
• NewStable users will receive 70% of the distributed tokens (700 million SPK annually).
• Lockstake Engine users will receive the remaining 30% (300 million SPK annually).
The SPK token has the power to shape the future.
SPK token holders will have the opportunity to farm NewGovToken (NGT) immediately.
This feature enables users to participate in MakerDAO ecosystem governance by obtaining NewGovToken. SPK holders can anticipate a steady annual farming rate of 80 million NewGovToken.
Moreover, through the ongoing pre-farming, SparkLend users can earn an allocation of SPK tokens before Spark is fully operational, giving them a vested interest in the DAO’s future.
SPK token holders will have the opportunity to farm NewGovToken (NGT) immediately.
This feature enables users to participate in MakerDAO ecosystem governance by obtaining NewGovToken. SPK holders can anticipate a steady annual farming rate of 80 million NewGovToken.
Moreover, through the ongoing pre-farming, SparkLend users can earn an allocation of SPK tokens before Spark is fully operational, giving them a vested interest in the DAO’s future.
Spark Governance: Building a self-sustaining community
SparkDAO champions a community-driven governance model powered by SPK token voting. Over time, Spark Governance aims to achieve full autonomy in managing all aspects of Spark, seamlessly integrated within the Maker SubDAO ecosystem.
Phased governance rollout:
• Initial focus: At launch, SPK token holders will have the authority to steer Community Marketing and the Spark Purpose System.
• Progressive delegation: As the Spark community matures and demonstrates its capabilities, MakerDAO will gradually delegate additional responsibilities to SPK token holders.
SparkDAO champions a community-driven governance model powered by SPK token voting. Over time, Spark Governance aims to achieve full autonomy in managing all aspects of Spark, seamlessly integrated within the Maker SubDAO ecosystem.
Phased governance rollout:
• Initial focus: At launch, SPK token holders will have the authority to steer Community Marketing and the Spark Purpose System.
• Progressive delegation: As the Spark community matures and demonstrates its capabilities, MakerDAO will gradually delegate additional responsibilities to SPK token holders.
Get started on the next-gen DeFi app and enjoy the highest rates with particularly high liquidity, at scale:
Kindly note that the Spark hub, SPK pre-farming and yield farming is not available to users residing in the US or those using VPNs.app.spark.fi
Kindly note that the Spark hub, SPK pre-farming and yield farming is not available to users residing in the US or those using VPNs.app.spark.fi
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