Spark (SPK) Price

SPK is Spark's native governance and staking token: it is used for protocol governance, staking participation, and distributing rewards to participants. Spark itself offers savings, borrowing, and liquidity products centered on stablecoins and ETH; SPK is the token for participating in governance and staking within that ecosystem, not a receipt for assets deposited by users.

SPK is currently used for governance signaling and opinion-gathering votes for Spark, with voting conducted through Snapshot. In other words, holders can express preferences regarding protocol governance; the token's governance role does not amount to a claim on Spark product returns or assets.

Currently, users can stake SPK and earn Spark Points; the Symbiotic protocol also distributes its own points to SPK stakers. Spark's documentation also states that staked SPK may in the future be used to validate and secure products and services within the Spark ecosystem, but this is a future use and should not be conflated with the points rewards currently being distributed.

10 billion SPK were minted at genesis. Of this amount, 65%, or 6.5 billion, was allocated to Sky Farming for distribution by Sky to users over ten years; 23%, or 2.3 billion, was allocated to the Spark ecosystem; and 12%, or 1.2 billion, was allocated to the team. This genesis mint amount cannot be directly treated as the tradable amount at any given time, because the pace at which each portion becomes available differs. The 6.5 billion for Sky Farming is distributed on an annual schedule that is higher earlier and lower later: 1.625 billion each in years 1 and 2, 812.5 million each in years 3 and 4, 406.25 million each in years 5 and 6, and approximately 203.13 million each in years 7 through 10. Of the ecosystem allocation, 17% is available at TGE and 6% is available one year after TGE; the team allocation first undergoes a 12-month lock-up, after which 25% unlocks and the remaining 75% vests over three years.

Sky distributes some SPK through the SPK Farm: users deposit USDS into the farm and earn SPK according to the farm's rules. This earning path is part of the Sky Farming distribution mechanism and is separate from simply holding SPK, participating in governance, or staking SPK to earn points.

Spark has confirmed that the SPK airdrop has ended: the final claim date for pre-farming rewards and the airdrop was December 17, 2025, after which the airdropped SPK could no longer be claimed. Therefore, any website or platform claiming to offer claims for that airdrop after that date is not part of the completed claim process.