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06/08 12:41
【🪙 How to Qualify for the $SPK Airdrop? Full Breakdown of Spark’s Token Mechanics】
Many users discovered SparkFi ( @sparkdotfi ) through the Cookie ( @cookiedotfun ) campaign—but the biggest draw may be what’s still coming soon: the governance token $SPK.
In this article, we’ll break down how $SPK will work, how the airdrop system operates, how to participate, and why it may hold long-term value.
1. What is $SPK?
$SPK is the upcoming native governance token of Spark Protocol. It will empower the community to vote on critical parameters, including:
(1) Lending/borrowing rates and savings yields
(2) Collateral types and liquidation settings
(3) External liquidity deployment strategies
(4) DAO treasury budgets and incentive frameworks
In short: $SPK is key to Spark’s evolution from protocol to decentralized financial system.
The token is not yet live, but Spark has confirmed that it will be launched with multi-round airdrops, based on user contributions and community activity.
2. Current Airdrop Campaign: SNAPS
Spark is currently running a “seasonal farming” incentive campaign, with @cookiedotfun managing tasks and scoring.
📋 Campaign Name: SNAPS
🧩 Airdrop Scoring Logic:
1️⃣ On-chain actions carry the most weight:
(1) Saving Module: deposit DAI or USDC (longer duration = better)
(2) Lending Module: collateralize ETH-type assets, borrow USDS
(3) Activity frequency, volume, and time committed are all factored in
2️⃣ Social content also counts:
(1) Link your Twitter/X account and complete post/retweet/comment tasks
(2) Higher engagement (likes/comments) leads to better scores
(3) SNAPS points are a strong signal but not the only metric
🧭 Campaign dashboard:
3. How to Maximize Your SPK Airdrop?
Depending on your strategy, there are two main approaches:
1️⃣ Content creators (“zero-cost” grinders):
(1) Post tweets, engage, comment about Spark
(2) Stay consistently active to climb the SNAPS leaderboard
(3) You may earn CookieDAO incentives (e.g. NFT, whitelist) along the way
2️⃣ On-chain players:
(1) Deposit DAI/USDC and keep funds locked for longer periods
(2) Collateralize assets like wstETH, cbETH to borrow USDS
(3) Loop strategy: borrow USDS → deposit back into savings for compound points
(4) Multiple cycles and high-frequency interactions improve retention scores
4. What Will SPK Do Once It Launches?
1️⃣ Utility:
(1) Governance rights (vote on protocol parameters)
(2) Potential discount rates and staking incentives
(3) DAO treasury dividends (may be introduced later)
(4) Access to “governance auctions” for capital control (similar to MakerDAO)
2️⃣ Value drivers:
(1) Yield spread generated by the protocol
(2) Arbitrage profits from liquidity deployment
(3) Stickiness from long-term capital locking
Think of SPK not as a “farm-and-dump” token—but more like equity in a decentralized financial institution.
5. Key Risks and Notes
(1) Not all interactions will count—use official interfaces only
(2) Make sure content is original and avoid spam or copy-paste posts
(3) Do not use scripts or frequently switch wallets (other protocols have disqualified users for this)
The full $SPK tokenomics, supply schedule, and TGE date are not yet announced. Until then, stay low-cost and high-frequency with your participation.
@sparkdotfi @cookiedotfun #SparkFi #Cookiedotfun
~~~~~
🔜 Next: Who’s Behind Spark — and What Are the Risks?
Now that you know how to earn $SPK and understand its future potential, the next logical question is:
Can Spark scale securely?
In our next article, we’ll dive deep into:
(1) Who is really behind Spark and Sky Protocol?
(2) How dependent is it on MakerDAO?
(3) Are Spark’s liquidity strategies safe and sustainable?
Stay tuned.
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