The Spark Rewards initiative aims to incentivise ecosystem participation and deepen collaboration across DeFi.
Onchain capital allocator Spark launched Spark Rewards, a new initiative aimed at rewarding user participation to strengthen ecosystem collaboration. The programme offers weekly token rewards to users who take specified on-chain actions.
Through cross-protocol collaboration, Spark Rewards would be building a more interconnected decentralised finance(DeFi) space which provides users with the opportunity to earn interoperable incentives.
RED Season, a campaign that’s incorporated the initiative, marks a collaboration between Spark and blockchain oracle RedStone. The collaboration integrates RedStone’s price feeds into Spark’s own oracle system. Additionally, users who supply cbBTC to SparkLend on Ethereum Mainnet will also earn RED tokens, incentivising user participation.
“We’re proud to power Spark with the most accurate and reliable oracle price feeds and help the team grow in new markets,” added Marcin Kazmierczak, Co-founder of RedStone. “The integration of RedStone’s push oracle on Ethereum markets not only improves security, but also gives users more confidence in the platforms they engage with.
Through the Spark Rewards program, Spark will introduce additional campaigns, collaborations, and reward opportunities to further engage the DeFi community and expand ecosystem participation.
“Spark Rewards is all about unlocking synergies across DeFi,” said Sam MacPherson, CEO and co-founder of Phoenix Labs, the R&D company behind Spark. “By empowering users to actively contribute, we’re strengthening the entire ecosystem to create a more resilient, connected, and user-aligned DeFi landscape that truly benefits everyone involved.”
