1. Project Overview

Spark is an on-chain capital allocator designed to solve DeFi’s core inefficiencies: fragmented liquidity, unstable yields, and idle stablecoin capital. By leveraging the Spark Liquidity Layer (SLL), it consolidates liquidity across DeFi, CeFi, and RWAs (Real World Assets), and allocates capital dynamically with a conservative risk profile. Spark acts as a yield and liquidity infrastructure layer for the broader on-chain finance ecosystem.

2. Token Information

  • Token Name: $SPK

  • Token Type: ERC-20

  • Initial Supply: 1,700,000,000 (17% of total supply)

  • Total Supply: 10,000,000,000

  • Binance HODLer Airdrop Allocation: 200,000,000 (2.00% of total supply)

3. Project Highlights

Liquidity Infrastructure

  • Spark Liquidity Layer (SLL) is a backend engine that reallocates liquidity across major protocols like Aave, Morpho, Curve, and tokenized RWA platforms (e.g., BlackRock BUIDL).

  • Currently allocates over $3.8B, with $174M in projected annual revenue.

SparkLend

  • Stablecoin lending market with governance-defined interest rates.

  • Maintains $3.2B TVL, becoming a top-3 lending protocol on Ethereum.

Spark Savings

  • Users deposit stablecoins like USDC or USDS and receive yield-bearing sUSDC/sUSDS.

  • Active across Ethereum, Base, Optimism, Arbitrum, and Gnosis with $3.1B in deposits and 178K+ wallets.

RWA Expansion

  • Spark allocates over $1B into tokenized real-world assets such as BlackRock’s BUIDL and Superstate, bridging DeFi and TradFi.

No Private Sale

  • Tokens are distributed via Sky Farms (long-term farming program) and airdrops.

4. Token Utility

  • Governance: Vote on key protocol decisions.

  • Staking: Stake SPK to earn Spark Points via Symbiotic restaking.

  • Yield Access: Enables participation in yield strategies and access to sUSDC/sUSDS.

  • Liquidity Contribution: Used within the ecosystem to support deep liquidity across chains and protocols.

5. Token Economics

Token Distribution

  • Retail (71.84%)

    • Airdrop: 6.84%

    • Sky Farms: 65.00%

  • Institutional / Project-Controlled (28.16%)

    • Team: 12.00%

    • Treasury: 16.16%

Circulating Supply (Day 1)

  • Reported Circulation: 17.00%

  • Tradable Float: 13.00%

6. Strategic Partnerships

  • Sky: Spark borrows from Sky’s $6.5B reserves to deploy capital.

  • Morpho: Largest LP in Morpho Base vault.

  • Aave: Deep liquidity support via SLL.

  • Ethena: Supports delta-neutral strategies using Spark capital.

  • BlackRock BUIDL: RWA integration with institutional-grade yields.

Disclaimer
This content is for project research purposes only and does not constitute any investment advice.