SPK – The new symbol in the world of decentralized finance!*
As part of the ambitious roadmap for MakerDAO, the *Spark SubDAO* project has been launched, which is the first SubDAO within the MakerDAO ecosystem. This project aims to enhance innovation in the field of decentralized finance (DeFi) by offering advanced financial products.
🔹 *What is SPK?*
SPK is the native token of the Spark project and is used for governance of the system and participation in future decision-making.
🔹 *Benefits of the Spark Project:*
- *SparkLend:* A lending platform that allows users to borrow DAI using highly liquid assets.
- *Spark Cash & Savings:* A financial product that combines the functions of checking and savings accounts, linked to the DAI Savings Rate (DSR), and supports DAI, USDT, and USDC currencies.
🔹 *Distribution of SPK Tokens:*
A total of 10 billion SPK tokens have been allocated, which will be distributed in phases:
- 8 billion for users and investors
- 1 billion for liquidity funding
- 1 billion for contributor grants
🔹 *Opportunities for Investors:*
Holders of SPK tokens will have the opportunity to participate in the mining of the new governance token *NGT*, enhancing their role in managing the MakerDAO ecosystem.
🚀 *Why SPK?*
With a focus on innovation and decentralized governance, SPK represents a promising opportunity for investors interested in the DeFi space.
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