Spark (SPK) - Binance HODLer Airdrop Phase 23 Project

Project Introduction:

Backed by the Sky ecosystem and the original MakerDAO core team, Spark is an on-chain capital allocation tool that utilizes Sky's over $6.5 billion stablecoin reserves to deploy $3.5 billion in DeFi, CeFi, and RWA sectors to provide liquidity and enhance capital efficiency. Its earnings are packaged into products like sUSDS and sUSDC, allowing users to earn returns (average annualized 5%).

Project Ecosystem: As of June 18, 2025, TVL $3.5 billion stablecoins, protocol annual revenue $170 million:

SparkLend Lending: TVL $3.4 billion, stablecoin lending market.

Spark Savings: TVL $3.2 billion, automatically earning returns by converting stablecoins like USDC and USDS, as well as the upcoming USDT, into yield-generating sUSDS or sUSDC. USDS is deposited into Sky Savings Rate (SSR), USDC is exchanged for USDS through Sky's PSM and also deposited into SSR, and DAI is deposited into Dai Savings Rate (DSR).

Spark Liquidity Layer (SLL): A backend capital allocator, it is the core engine of the protocol, a cross-chain system that automatically rebalances stablecoin liquidity to optimize yield generation. It can integrate and route liquidity between platforms such as Aave, Morpho, Curve, and tokenized RWA platforms.

$SPK Token Features:

Governance: SPK token holders can vote on network governance decisions.

Staking: SPK can be restaked through Symbiotic to earn Spark points, thereby supporting and securing the Spark ecosystem.

Token Economics:

Maximum total supply of 10 billion tokens, distributed over 10 years, of which:

65% allocated to Sky mining users, distributed through Sky farming, released over 10 years.

23% allocated to the ecosystem for airdrops and incentives for protocol growth; of which 17% is in circulation at TGE, and another 6% is released after one year.

12% allocated to the team, with 25% released within one year, and the remaining 75% released over three years.

The circulating supply at Binance launch is 17%, approximately 1.7 billion tokens:

Airdrop (including Binance HODLer 2%): 1.7 billion tokens;

Team and Investors:

The project was established in 2023.

Project Roadmap:

Q3 2025:

Spark Liquidity Layer expands to BSC, Ink, Polygon PoS, Kaia, and Avalanche.

SLL integrates Morpho V2, USDT0, Uniswap, Aerodrome/Velodrome, and supports OTC/exchanges.

USDS staking module.

Q4 2025:

Bitcoin L2 expansion.

Secret Project 1.

H1 2026:

Secret Project 2.

Token Distribution Timeline [Image 1]

Sky Farming (65% of total released over 10 years) Distribution Timeline [Image 2]