Odaily Planet Daily News: MakerDAO announced on the X platform that its first SubDAO Spark will be launched soon. Spark will be part of MakerDAO's Endgame roadmap. It will also release its native token SPK and various SPK token farming plans. Spark's main products include SparkLend and Cash & Savings, including: 1. SparkLend enables users to borrow DAI on a large scale using highly liquid assets and provides a first-class user experience; 2. Spark Cash & Savings 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. 3. Once SparkDAO is launched, SPK tokens can be mined through liquidity mining, and SPK token holders will have the opportunity to mine NewGovToken (NGT) immediately. This feature enables users to participate in the governance of the MakerDAO ecosystem by obtaining NewGovToken. 4. SparkDAO advocates a community-driven governance model supported by SPK token voting. Over time, the goal of Spark governance is to achieve full autonomy in managing all aspects of Spark and integrate seamlessly into the Maker SubDAO.
