Sky: Spark becomes the first Star project, SPK pre-mining has been going on for more than a year

According to TechFlow, Sky (formerly MakerDAO) announced the launch of the Stars program to expand its ecosystem. Stars (formerly SubDAOs) will establish an independent space within the Sky ecosystem with its own products, brands, communities, and governance tokens.

Spark became the first Star project to be officially operated. After one year of operation, SparkLend has become one of the top ten DeFi protocols, and its Cash & Savings function has facilitated more than 1.5 billion DAI of native savings.

Sky said that Star tokens will be launched soon. After governance approval, these tokens will be distributed to eligible USDS supply users through Sky Token Rewards. Spark (SPK) will be the first Star token to be released. It is worth noting that the pre-mining of SPK has been going on for more than a year, and SparkLend users will be able to receive the pre-mining allocation when SPK is officially released.