Spark 

SPK Price

What is the Spark (SPK) DeFi token?

Spark (SPK) is a non-custodial Ethereum DeFi lending and savings protocol operating inside the Sky (MakerDAO) ecosystem. Spark deploys capital as an "onchain capital allocator" across DeFi, CeFi and real-world-asset venues, built by Phoenix Labs (founded early 2023). Core products are USDS stablecoin savings (sUSDS), the USDS-centric money market SparkLend, and the Spark Liquidity Layer. SPK is the protocol's governance and staking token.

How many SPK tokens exist, and what are the tokenomics?

SPK has a fixed total and maximum supply of 10,000,000,000 tokens, fully minted at genesis per docs.spark.fi. Sky governance could mint more only under extreme circumstances. The native token contract lives on Ethereum mainnet, with a bridged version on BNB Chain. SPK's TGE and Binance listing occurred on June 17, 2025.

What does SPK's vesting schedule mean for sell pressure?

SPK's vesting structure creates persistent sell pressure rather than one-off cliffs. 65% of supply (6.5B SPK in Sky Farming allocations) vests out gradually over a decade to roughly 2035, emitting ~4.45M SPK daily during the Year 1–2 phase. The Team allocation of 1.2B SPK (12%) carries a 12-month cliff at 25%, then linear vesting over three years. Continuous decade-long emission is the structural inflation risk SPK holders face.

Which SPK token unlocks create the largest supply overhang?

June 17, 2026 concentrates three supply events on a single date. The first Team cliff unlocks 300M SPK. A 600M SPK Ecosystem tranche releases the same day. According to DropsTab vesting data, 3,692 unlock events are scheduled in total — the overwhelming majority are small daily Sky Farming emissions, so the annual June tranche dates dominate overhang risk.

Did Spark raise VC funding?

Spark raised no classic VC rounds — no token sale, no ICO price, and no public investor list exist. SPK distribution ran through the Binance HODLer Airdrop and Sky-ecosystem farming instead. Phoenix Labs' equity funding is not publicly disclosed. Raise amount: not publicly disclosed.

What did the SPK airdrop require to qualify?

The Binance HODLer Airdrop distributed 200M SPK (2% of supply) as its 23rd project. Qualification required subscribing BNB Simple Earn products between June 10 and June 14, 2025. A separate 50M SPK pool served Binance Alpha events (240+ points, 2,000 SPK per claim). Spark's own community airdrop concluded; the final claim date was December 17, 2025.

Which utilities does the SPK token have?

SPK serves three functions in the Spark protocol. Governance: SPK holders signal on protocol decisions via Snapshot voting. Security: staked SPK earns Spark Points and may eventually validate ecosystem services. Rewards: SPK distribution incentives align participants across the Sky ecosystem. SPK is a governance and staking token, not a gas token — Spark runs on Ethereum.

Where can the SPK token be traded — CEX or DEX?

SPK trades almost exclusively on centralized exchanges (CEXs). Per DropsTab data, tracked venues include Binance, Coinbase, Kraken, Upbit, Bybit, KuCoin and others — with no DEX markets listed. Spot pairs span USDT, USDC, USD, KRW (Upbit), EUR and TRY quotes. Perpetual futures trade on Binance, OKX, Bybit, Kraken and KuCoin. Liquidity concentrated in top-tier CEXs keeps SPK's liquidity risk low.

Is Spark (SPK) the same as spark.money?

Spark (SPK) is not spark.money. Spark (spark.fi) is an Ethereum DeFi lending and savings protocol in the Sky ecosystem with the SPK token. Spark (spark.money) is a separate Bitcoin L2 payments network. The two projects share a name but have different teams, chains and tokens — verify the contract address (Ethereum: 0xc20059e0317de91738d13af027dfc4a50781b066) before trading.