What is the SPK token? The DeFi liquidity project listed on Binance Spark
Spark is a DeFi protocol that acts as an on-chain capital allocation engine, leveraging a stablecoin reserve of over 6.5 billion USD from Sky (formerly MakerDAO).
The project is deployed on chains such as Ethereum, Arbitrum, Base, Optimism, Unichain, and Gnosis Chain, managing over 3.97 billion USD in stablecoin liquidity and generating an annual revenue of 191.16 million USD (as of June).
Strengths of Spark:
Deep liquidity: Supports instant withdrawal of USDS/USDC, no slippage.,Multi-chain integration: Operates on multiple chains, increasing interoperability with Ethereum Superchain.,Transparency: Open-source smart contract, has been audited.,
Information about SPK token
Token name: Spark, Symbol: SPK, Blockchain: Ethereum, Arbitrum, Base, Optimism, Unichain, Gnosis Chain, Total supply: 10 billion SPK,
Allocation
Distribution through Sky farms over 10 years: 65%, Spark ecosystem (airdrop, development): 35%,
Utility
Governance: Voting on Snapshot, later on-chain governance, Staking: Secures the protocol, earns rewards, Farming: Stake USDS to receive SPK,
Spark operates as an on-chain capital allocation engine, connecting stablecoin reserves from Sky with yield generation opportunities across multiple chains. The protocol uses open-source smart contracts, which have been audited, to ensure transparency and safety.
Spark leverages a stablecoin reserve of over 6.5 billion USD from Sky to deploy into DeFi protocols (such as Aave, Morpho, Pendle, Curve), real-world assets (RWA), and CeFi, aiming to optimize yield with low risk.
