12 June 2025 – Spark, a leader in decentralized finance focused on providing transparent rates and competitive stablecoin yields, today announced the launch of an airdrop campaign called Ignition. The airdrop aims to recognize and reward early users and ecosystem participants while laying the foundation for long-term governance and infrastructure alignment for the forthcoming SPK token.
Approximately 50,000 participants will receive SPK tokens during the airdrop campaign, establishing SPK as the governance token at the core of Spark’s decentralized ecosystem. Its distribution follows a clearly defined ten-year trajectory outlined in the Spark Artifact: 10 billion tokens in total, with 6.5 billion being distributed by Sky through Sky’s Genesis farming and 3.5 billion allocated to the Spark ecosystem. This framework is designed for sustainable resilience, offering a measured path forward that balances utility and decentralization.
Igniting the Next Phase of Decentralized Finance
The campaign will be rolled out in two strategic phases — the initial Ignition Airdrop and a second phase called Overdrive. Eligibility is 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. This broad eligibility across key ecosystem participants highlights Spark’s position as a core building block in decentralized finance.
Starting now, users can check their eligibility via its website (Spark Airdrop eligibility portal is now Live). Check your status and claim your SPK tokens at the token launch. Eligible users will also have the option to stake their Ignition airdrop to enter Overdrive, the second phase of the campaign. Overdrive allows users to earn additional SPK by staking their Ignition Airdrop, with a boost option for select Spark Savings users. Rules, restrictions, and detailed participation criteria can be found on the website.
“This airdrop campaign marks a key milestone in Spark’s roadmap and is a foundational step toward a more interoperable and composable decentralized financial system. 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 decentralized finance,” said Sam MacPherson, CEO and Co-Founder of Phoenix Labs, the core development team behind Spark.
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