Spark and RedStone launch $6M token reward campaign for DeFi users

DeFi lending platform #Spark , part of the #Sky (formerly #MakerDAO ) ecosystem, has partnered with oracle provider #RedStone to launch a new incentive program called "Spark Rewards." The initiative aims to reward users for taking specific on-chain actions that support the Spark ecosystem.

The first phase of the campaign, dubbed "RED Season," encourages users to supply cbBTC—Coinbase’s wrapped #Bitcoin—to SparkLend on #Ethereum in exchange for RedStone’s $RED token. Around 11.5 million #RED tokens, valued at approximately $6 million, are set to be distributed.