SPK (Spark) is first listed on Binance Alpha on June 17. Airdrop can be claimed using Binance Alpha Points. Once spot trading begins, SPK will be available on multiple trading pairs on Binance, but it will no longer be visible on the Alpha interface.
Spark (SPK) is a leading protocol in the Decentralized Finance (DeFi) space focused on stablecoins and liquidity management. It offers services such as secure income, lending, and multi-chain integration.
Technical Foundations:
• Spark is a DeFi protocol that operates entirely on the blockchain.
• There is a yield engine that provides stablecoin yield; stablecoins like USDC, DAI, and USDS can earn up to 4.5% income.
• The borrowing and lending rates of the protocol are determined on-chain through governance.
• There are no slippage or platform fees for withdrawals; funds can be withdrawn at any time.
• All operations are managed through smart contracts, eliminating the need for manual intervention.
Security Features:
• The Spark protocol has undergone several third-party security audits, ensuring that its smart contracts are secure.
• Large bug bounty programs are conducted, allowing for quick identification and resolution of security vulnerabilities.
• All transactions and governance actions are recorded on the blockchain, providing transparency and an immutable record.
• Since risk management and protocol parameters are governed by the community, centralized risk is reduced.
In summary:
Spark (SPK) is a DeFi protocol that operates on the blockchain, managed through smart contracts and on-chain governance, with security ensured through multiple audits and bug bounties.
Source-Perplexity