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- @sparkdotfi announced the launch of its native token, $SPK, marking a new era of DeFi
- The token distribution includes 65% for Sky farming over 10 years, 23% for ecosystem growth, and 12% for core contributors, with specific vesting schedules detailed
- SPK holders can participate in governance and earn rewards through staking, potentially securing the protocol in the future
- The Ignition Airdrop's Phase 1 is now claimable, with additional benefits for staking through Overdrive, available until July 22nd
- Spark has grown significantly since 2023, achieving over $8 billion in TVL and distributing $186 million in yields, positioning it as one of the top DeFi protocols globally
- The launch of SPK coincides with broader trends in the cryptocurrency market, where native tokens are increasingly used for governance and ecosystem incentives in DeFi protocols