Spark Airdrop 300 Million SPK: Opportunity to Receive Free Tokens for DeFi Users

On June 17, the lending protocol #Spark – the first platform under Sky's Endgame plan (formerly MakerDAO) – announced Ignition Airdrop Phase 1, distributing 300 million SPK (equivalent to 3% of total supply, worth about 18 million USD) to the community.

This airdrop prioritizes users who have participated in lending/borrowing on Spark or deposited DAI/USDS into other DeFi protocols. The airdrop period starts from June 17 to July 22, 2025 (UTC). Additionally, users can stake SPK to receive more rewards from the Overdrive program.

SPK is the native token of Spark, serving governance, security, and ecosystem development roles. The total supply reaches 10 billion $SPK , distributed as follows:

65% for users through Sky Farming

23% for ecosystem development and airdrop

12% for the team and contributions (vesting 4 years)

Currently, Sky Farming has not yet been implemented, helping to limit short-term selling pressure. However, the price of SPK has dropped nearly 18%, to about 0.05 USD, due to selling pressure from airdrop recipients.

Launched in 2023, Spark quickly became a top 5 global lending protocol, with a TVL of over 6.5 billion USD thanks to the integration of assets like ETH, DAI, stETH and the introduction of sDAI – DAI with yield deposited into DSR.

The crypto market is highly volatile. Please invest cautiously and only use capital that you can afford to lose.