SPK Token
SPK is the native governance and staking token of Spark. Designed with a long-term vision for sustainability, decentralization, and ecosystem alignment, SPK enables protocol governance, protocol security via staking, and reward distribution to participants.
Governance
SPK is the governance token of Spark. SPK holders vote on Spark Artifact Edit Proposals on Snapshot. These votes are binding: a proposal passes with more than 50% of votes cast in favor (excluding abstentions) over a 3-day poll, after which the Operational Facilitator updates the Spark Artifact in the Sky Atlas and any required changes are executed through a Spark spell. For more information on Spark Governance, please see the Spark Governance page.
Staking
SPK can be staked and, in the future, staked SPK may be used to validate and secure products and services in the Spark ecosystem. Staked SPK earns rewards in the form of Spark Points. Symbiotic is also rewarding SPK stakers with points through its protocol. You can read more about staking here.
SPK Farming
You can earn SPK by depositing USDS into the SPK Farm at app.spark.finance/spk/farm. Learn more about SPK Farming in the SPK Farming guide.
Has SPK been airdropped yet?
Yes, the SPK token has been airdropped. The final claiming date for the pre-farming rewards and the airdrop was December 17th, 2025. Do not trust any other websites or platforms claiming to offer SPK tokens or access to claims. Beware of scammers and false SPK tokens.
Supported Networks and Token Addresses
For official SPK deployment addresses on each supported network, see the SPK Developer Docs. Beware of scammers and false SPK tokens.
How can I bridge SPK between networks?
You can bridge SPK between networks using Stargate. Confirm you are using the correct token addresses.
Note: The Stargate Bridge is only for Ethereum/BSC bridging.
Audits
You can find security audits for the SPK token here.
What will the total supply of SPK be?
10 billion SPK tokens were minted at genesis.* 35% of the SPK tokens were allocated to the Spark ecosystem and team (23% ecosystem, 12% team) to support the growth of Spark. The Sky ecosystem received 65% of the genesis tokens. Sky distributes 4.55 billion of these to USDS users through a 10 year SPK farming campaign and reserves the rest for future token rewards. More details on this below.
*Token emissions beyond the genesis supply are permanently disabled and cannot be re-enabled by Spark Governance. Sky Governance can reverse this only if Spark breaches its Risk Capital requirements and emissions are required by the Risk Framework. Learn more in the Sky Atlas (A.6.1.1.1.2.1.4.2.1.1.6).
The SPK supply is allocated as follows:
| Category | Allocation | Token Amount | Vesting Schedule | Addresses |
|---|---|---|---|---|
| Sky Farming (Users) | 65% | 6,500,000,000 SPK | 4,550,000,000 SPK distributed by Sky to USDS users over 10 years; the rest reserved for future token rewards set by Sky Governance | Sky Pause Proxy (controlled by the DAO): 0xBE8E3e3618f7474F8cB1d074A26afFef007E98FB |
| Ecosystem | 23% | 2,300,000,000 SPK | 17% of the tokens available at TGE (mid-term Treasury and Airdrops-Legacy) 6% available one year after TGE (long-term Treasury). | Mid-term Treasury: 0x089693ed9d9a5ac907bd1a1565867646ffaabcd6 Airdrops-Legacy: 0x6FE588FDCC6A34207485cc6e47673F59cCEDF92B Long-term Treasury: 0x46dce51a3f4cbEa91F3A1BBD48Ca5079397d5847 |
| Team | 12% | 1,200,000,000 SPK | 12-month 25% cliff, then 3-year vesting of remaining 75% | subDAO proxy (controlled by the DAO): 0x3300f198988e4C9C63F75dF86De36421f06af8c4 |
The chart below contains the distribution schedule for SPK:
Distribution Schedule
SPK Allocation
Sky Farming (users)
SPK farming is offered by the Sky ecosystem. Through Sky’s token farms, users can stake USDS to farm SPK. The SPK distribution follows the rules set forth in the Sky Atlas (A.2.8.2.2.2.1.2.2.2), which states that SPK will be distributed by Sky to USDS users on the following schedule:
| Yearly Amount of SPK (in millions) | Total Amount of SPK (in millions) | |
|---|---|---|
| Year 1 | 1,137.50 | 1,137.50 |
| Year 2 | 1,137.50 | 2,275.00 |
| Year 3 | 568.75 | 2,843.75 |
| Year 4 | 568.75 | 3,412.50 |
| Year 5 | 284.38 | 3,696.88 |
| Year 6 | 284.38 | 3,981.25 |
| Year 7 | 142.19 | 4,123.44 |
| Year 8 | 142.19 | 4,265.63 |
| Year 9 | 142.19 | 4,407.81 |
| Year 10 | 142.19 | 4,550.00 |
The remaining 1,950 million of Sky's 6,500 million SPK are reserved for future token rewards as determined by Sky Governance.
Below is a visual representation of the SPK distribution schedule from Sky. The chart shows the earlier schedule; the table above reflects the current Atlas.
Ecosystem
23% of the tokens are allocated to the Spark ecosystem to support its growth.
Team
The team allocation is designed to ensure long-term alignment with the core contributors building and supporting Spark.
SPK Buybacks
Spark uses excess USDS in the Spark SubDAO Proxy to buy back SPK. Each month, Spark compares the USDS held in the SubDAO Proxy (0x3300f198988e4C9C63F75dF86De36421f06af8c4), less accrued Spark Savings yield, against its Target SubDAO Proxy Value:
- 25% of the excess above the target is used for buybacks (Standard Buyback Rate).
- 100% of the value above 200% of the target is used for buybacks (Enhanced Buyback Rate and Threshold).
The buyback amount is sent to the Buyback Executor (the Spark Operations Multisig, 0x2E1b01adABB8D4981863394bEa23a1263CBaeDfC) in a Spark spell. The executor buys SPK with an onchain TWAP over 90 days and returns the SPK to the SubDAO Proxy. Buybacks have run since the February 26, 2026 spell; the October 22, 2026 spell transferred 341,970 USDS. See Excess SubDAO Proxy Funds Disposition Policy (A.6.1.1.1.3.4.2.3) in the Sky Atlas.
Additional Resources
Integrators can find technical documentation for SPK here: