The Ignition airdrop campaign will drop SPK tokens to around 50,000 participants and is part of a two-phase process.
On-chain capital allocator Spark will be launching an airdrop campaign called Ignition, which aims to recognise early users and ecosystem participants while laying the foundation for long-term governance and infrastructure
Around 50,000 participants will receive SPK tokens during the airdrop campaign, establishing SPK as the governance token at the core of Spark’s decentralised ecosystem. There will be a total of 10 billion tokens, with 6.5 billion being distributed by Sky through Sky’s Genesis farming and 3.5 billion allocated to the Spark ecosystem.
The campaign will be rolled out in two strategic phases — the initial Ignition Airdrop, and a second phase called Overdrive. Eligibility for the drop will be based on meaningful interaction with SparkLend or holding stablecoins such as USDS, sUSDS, DAI, sDAI, and xDAI across supported chains and protocols, including Aave, Centrifuge, Morpho, Pendle, Lido, Unichain, and OP Mainnet.
Eligible users will also have the option to stake their Ignition airdrop to enter Overdrive. Overdrive gives users an opportunity to earn additional SPK by staking their Ignition Airdrop, with a boost option for select Spark Savings users.
“Spark’s infrastructure has been designed for long-range coordination: capital that can move seamlessly across protocols and chains while maintaining transparency and integrity. Ignition and Overdrive supports this vision by inviting participants not just to use Spark, but to help shape a new era of decentralised finance,” said Sam MacPherson, CEO and Co-Founder of Phoenix Labs, the core development team behind Spark.
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