DeFi is called Spark, not SparksPay:
Used in governance (Snapshot voting), protocol insurance through staking, and reward distribution (Spark Points).
It operates on several chains: Ethereum, Arbitrum, Base, Optimism, Unichain, and Gnosis Chain.
The protocol manages over $3.5 billion in stablecoin liquidity and generates approximately $172 million annually in revenue.
---
š§® Key Data
Total Issued: 10 billion tokens
65% (6.5 billion) allocated for contribution through Sky farming over 10 years
23% for the ecosystem and protocol
12% for the team with a clear retirement schedule
Trading: SPK is currently in the market and is traded on Binance and others.
---
š Price and Trading
Current Price: Approximately $0.056 ā $0.058.
Approximate Daily Trading Volume: $200 million.
Listing on Binance today (June 17, 2025) includes Spot, Convert, Earn (Flexible), Margin, and futures contracts with leverage up to 75Ć.
---
š Why is Spark Important?
It addresses key issues in DeFi: fragmented liquidity, unstable yields, and the misuse of stable liquidity.
It offers three main products:
1. Savings: Generating yield from stablecoins.
2. SparkLend: A stablecoin lending market with fixed rates.
3. Spark Liquidity Layer (SLL): Automatic distribution across multiple chains for other protocols.
$XRP $BNB $SOL #DAOBaseAIBinanceTGE #FOMCMeeting #SparkBinanceHODLerAirdrop #BinanceAlphaAlert #BombieBinanceTGE
