A new era of open, transparent, user-first, and decentralized finance.
That's what Spark is building. It’s a response to the broken & opaque traditional finance system built to benefit the few over the many.
And now with a native token: SPK.
Learn more 👇
Started in 2023, Spark has grown to be one of the top 5 DeFi protocols in the world (source: ).
With $8B+ in TVL, $3.8B in total loans/borrows, and $186M distributed as yields.
Getting the world closer to the new era of finance with each step.
SPK is Spark's native token.
SPK holders will be able to:
1️⃣ Participate in future Spark governance.
2️⃣ Stake their SPK and earn Spark Points rewards.
Staked SPK may be used in the future to secure the protocol.
SPK Distribution
10 billion SPK tokens were minted at genesis.
As per the rules set forth by the Spark Artifact, these 10B SPK tokens will be distributed over the first 10 years.
The SPK supply allocation is as follows:
- 65% to Sky - for SPK farming (users) over 10 years
- 23% to the Ecosystem - to support Spark's growth
- 12% to the Contributors - to ensure long-term alignment
Sky Farming (65%)
The 6.5 billion tokens allocated to Sky will be distributed to users by Sky through Genesis farming, with the rate of distribution gradually decreasing over time.
Year 1–2: 1.625B/yr
Year 3–4: 812.5M/yr
Year 5–6: 406.25M/yr
Year 7–10: 203.13M/yr
(Note: Sky farms are not live yet.)
Ecosystem (23%)
2.3 billion SPK tokens are allocated to the Spark Ecosystem for the growth of the ecosystem.
17% of these tokens are available at token launch, and the rest after 1 year.
A portion of this 23% allocation will also be distributed to the Spark community via the Ignition Airdrop.
Contributors (12%)
1.2 billion SPK tokens are allocated to the Spark core contributors to align long-term incentives with building and supporting Spark.
The tokens vest gradually: 25% after a 12-mo cliff, with the rest vesting over the next 3 years.
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