Rune Christensen, the visionary mind behind MakerDAO, the stablecoin issuer, has unveiled a groundbreaking proposition— to craft a new governance token for the Spark lending protocol and bestow them upon users through a process termed a ‘pre-farming airdrop.’ This ingenious initiative, devised to foster enduring engagement with the platform, elucidates a meticulous plan for the distribution of two billion Spark (SPK) tokens across a span of ten years. This strategic blueprint seeks to invigorate a sustained utilization of the Spark Protocol.
MakerDAO Proposes Token Airdrop for Spark Lending Protocol Integration
The Spark Protocol, conceived by MakerDAO, serves as a lending mechanism that extends DeFi loans by drawing liquidity directly from Maker. It accommodates a diverse array of assets, including ether, staked ether, and Dai, as collateral.
Spark Protocol’s evolution will inevitably lead it to become a subDAO—a significant stride within MakerDAO’s master plan. These subDAOs, akin to Spark, are poised to be independent, decentralized autonomous organizations housed within MakerDAO. Underpinning the endgame blueprint, multiple subDAOs are anticipated to emerge, each under the governance of its own unique tokens. These SubDAO tokens are set to be distributed to Spark borrowers, proportionate to the assets employed as collateral, as well as the amount and duration of borrowing. Rune Christensen expressed the ambition to cultivate a community of users and DAO participants who share an alignment with the mission and potential of SparkDAO.
The driving impetus behind this endeavor is to incentivize active utilization of Spark, despite its offer of a 5% yield—previously at 8%—on Dai deposits, known as the Enhanced Dai Savings Rate, as articulated by Christensen.,
Leave a comment