According to Odaily Planet Daily, MakerDAO announced on the X platform that its first SubDAO Spark will be launched soon. Spark will be part of MakerDAO's Endgame roadmap, and will also release its native token SPK and various SPK token farming plans. Spark's main products include SparkLend and Cash & Savings. Among them, SparkLend enables users to borrow DAI on a large scale using highly liquid assets and provides a first-class user experience. Spark Cash & Savings has launched a decentralized, on-chain bank-like product that links the functions of cash and savings accounts with the Dai Savings Rate (DSR), which can be accessed through DAI, USDT and USDC. Once SparkDAO is launched, SPK tokens can be mined through liquidity mining, and SPK token holders will have the opportunity to immediately mine NewGovToken (NGT), which enables users to participate in the governance of the MakerDAO ecosystem by obtaining NewGovToken. SparkDAO advocates a community-driven governance model supported by SPK token voting. Its governance goal is to achieve full autonomy in all aspects of managing Spark and seamlessly integrate into Maker SubDAO.
