Spark has just launched many new features that help users increase income from flexible and unbound DeFi.
The Spark platform supports providing USDS, staking SPK, and participating in Overdrive to increase airdrop rewards, diversifying the DeFi profit-earning experience without needing to lock assets or limit conditions.
MAIN CONTENT
Spark expands SPK Farm, allowing the provision of USDS to receive SPK.
Overdrive helps increase airdrop rewards without needing to lock capital.
Stake SPK in the USDS pool to receive SPK income annually.
What new features has the Spark platform implemented to optimize user income?
Spark has introduced new functions including SPK Farm, Overdrive, USDS pool, and earning USDS points through Pendle, supporting various ways to earn DeFi profits for users.
Specifically, SPK Farm allows users to provide USDS to receive SPK Tokens, while Overdrive helps increase airdrop rewards. At the same time, staking SPK in the USDS pool will yield SPK income with an annual interest rate. These features do not impose asset locks, providing flexibility for participants.
According to data from Spark, the expansion of these features has significantly increased liquidity and community participation, contributing to an enhanced overall DeFi experience and efficiency.
How do Spark's new features improve the DeFi experience for users?
The new features are designed without binding capital lock times and do not require participation conditions, making it easy for users to increase multi-dimensional income from DeFi.
For example, Overdrive allows users to increase airdrop rewards without needing to lock assets, minimizing the risk of losing liquidity. Additionally, SPK Farm and USDS pool provide opportunities to earn SPK through liquidity provision and staking, yielding sustainable passive income.
Spark CEO, 2024: “We focus on creating DeFi products that are both flexible and efficient, ensuring users can access maximum profits without being bound by their assets.”
Spark CEO, 2024
What are the highlights of providing USDS and staking SPK in Spark?
Providing USDS in SPK Farm helps users mine SPK Tokens, while staking SPK at the USDS pool receives stable annual yields.
Many DeFi market reports in 2024 show that this combined model both increases overall liquidity and creates a sustainable income source for individual investors. The absence of asset locking means users can withdraw capital at any time, minimizing liquidity risk in volatile markets.
How do Overdrive activities affect airdrop rewards?
Overdrive is an enhanced mode that helps increase the airdrop reward rate for participating users, without any conditions for locking Tokens.
This allows users to receive maximum rewards while easily adjusting their investment portfolios flexibly according to market fluctuations. In fact, Spark users in Q2/2024 increased airdrop income by 18% thanks to Overdrive compared to traditional methods.
Financial analyst Tran Minh, 2024: “The Overdrive feature opens up opportunities to access more attractive DeFi rewards while maintaining capital flexibility.”
Tran Minh, DeFi Finance Expert, 2024
Frequently asked questions
Does Spark require asset locking when using the new features?
No, features like SPK Farm, Overdrive, and USDS pool do not require users to lock assets, providing maximum flexibility.
How to participate in SPK Farm and earn SPK?
Users just need to provide USDS to SPK Farm, then they will automatically receive SPK Tokens without any additional conditions.
Do gas fees significantly impact staking SPK on Spark?
Gas fees on Spark are optimized, with costs suitable for staking activities, helping users save on transaction costs.
Is Overdrive safe and transparent?
Overdrive operates on an audited smart contract mechanism, ensuring safety and transparency for participants.
How is income from the USDS pool calculated?
Income calculated based on % SPK rate annually, transparently updated on Spark's dashboard.
Source: https://tintucbitcoin.com/spark-ra-mat-spk-farm-toi-uu-doanh-thu/
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