Voting has just opened for one of Spark’s most important governance proposals yet, to adopt a buyback mechanism (SubDAO Proxy Management Plan) What does this mean, and why is this important for the Spark community: 1. Spark accumulates all net revenue into the SubDAO Proxy (treasury), earning over $10 million since TGE in June. Under this proposal, excess funds above what Spark needs for risk capital and OpEx will be used to make SPK purchases according to parameters defined by governance. This mechanism aligns treasury management with the protocol's long-term sustainability. 2. The size of buybacks programmatically increases as the treasury accrues more excess capital. 3. Most importantly, the proposal aims to align protocol operations, treasury management, and community incentives in a transparent and programatic framework. An upgrade built to power Spark's next chapter.