Spark Achieves Full Autonomy as SubDAO Under Sky Ecosystem
Spark Achieves Full Autonomy as SubDAO Under Sky Ecosystem
馃殌 Spark Breaks Free
Spark has achieved a significant milestone by becoming fully autonomous as a subDAO within the Sky ecosystem. The protocol now independently:
- Governs its operations
- Manages capital deployment
- Provides live revenue reporting
This development represents a key advancement toward greater transparency and scalability in DeFi. The new structure and financial reporting details were shared by Phoenix Labs CEO @hexonaut.
Recent Background: Earlier this year, Spark launched successful USDC vaults across Arbitrum, Base, and Ethereum mainnet, with sUSDS supply exceeding $10M on Arbitrum within 10 days of launch.
Spark is now fully autonomous. As a subDAO under @skyecosystem, Spark now governs, earns, and deploys capital with live revenue reporting - fully independently. Marking a major step toward a more transparent, composable & scalable DeFi. An epic thread below from @hexonaut (CEO
It鈥檚 fundamentals season, and Spark is in an uncommon position where it is cash flow positive at launch. I鈥檝e written a blog post to cover how Spark makes money and how things relate to the Sky ecosystem. Below is a summary. Let鈥檚 dive in. 馃У馃憞
Spark Launches Revenue Reporting System Upgrade
Spark has implemented a significant upgrade to its revenue reporting infrastructure. Key Updates: - New revenue reporting system deployment - Live explanation session scheduled - @hexonaut to host Spark Spaces #12 **Event Details**: - Date: August 7 - Time: 4:30 PM UTC - Focus: Detailed breakdown of system changes Join the live session to understand the technical improvements and their implications for the platform.
Last Call for Pendle Points Season 1
Final week to participate in Pendle Points Season 1, ending August 12, 2025. - Earn points by simply holding YT/PT-USDS positions on Pendle - No additional steps required - Access through [Spark.fi](https://app.spark.fi/points) or [Pendle Finance](https://app.pendle.finance/trade/pools/0xdace1121e10500e9e29d071f01593fd76b000f08) *Note: This crypto-asset marketing communication has not been reviewed by EU authorities. For official documentation, visit [spark.fi/mica](http://spark.fi/mica)*
Spark Protocol Announces Multiple DeFi Earning Opportunities
Spark Protocol introduces three ways to earn yields in 2025: - **SPK Farm**: Users can supply USDS to earn SPK token rewards - **SPK Staking**: Participants stake SPK tokens to earn points and future protocol rewards - **Pendle Campaign**: Holders of PT/YT-USDS earn Spark Points (campaign ends August 12) All features are accessible through [Spark's app interface](http://app.spark.fi). For detailed information and documentation, visit [Spark's MICA page](http://spark.fi/mica). *Note: This offering has not been reviewed by EU regulatory authorities.*
Spark Positions Itself as Alternative to Traditional Banking
Traditional banking systems continue to face criticism for: - Requiring permissions for personal fund access - Lacking default transparency - Operating with user value extraction models Spark emerges as a decentralized alternative, aiming to address these limitations in traditional banking infrastructure. The protocol integrates with the DAI ecosystem to provide permissionless financial services. *Key Differentiators*: - Direct user control over funds - Default transparency - User-centric value model - Decentralized architecture