đGood news! MakerDAO announced on X Platform that its first SubDAO Spark is coming soon! Spark will be part of MakerDAO's Endgame roadmap, along with the release of the native token SPK and various SPK token farming programs. đ
Spark has two main products: SparkLend and Cash & Savings. SparkLend enables users to borrow DAI at scale using highly liquid assets, providing a first-class user experience. Cash & Savings is a decentralized, on-chain bank-like product that links the functionality of cash and savings accounts to the Dai Savings Rate (DSR), which users can access through DAI, USDT, and USDC. đ°
Even more exciting is that 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), a feature that enables users to participate in MakerDAO ecosystem governance by acquiring NewGovToken. đ
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 all aspects of managing Spark and seamlessly integrate into the Maker SubDAO. đ
Let us look forward to the arrival of Spark and cheer for the future of Bitcoin! đ„
