Airdrop Details
| Information | Details |
|---|---|
| Rewarded Activity | Pre-farming (SparkLend/Aave usage), Ignition (DeFi activities), Overdrive (staking), Layer3 (quests) |
| Total Airdrop Amount | 300M Ignition + 130.4M Pre-farming Season 1 + Season 2 pool + 500K Layer3 + Overdrive (unclaimed Ignition) |
| Number of Eligible Users | [Not specified] |
| Number of Claimants | [Not specified] |
| Average Allocation | [Not specified] |
Timeline
| Event | Date |
|---|---|
| TGE & Claim Start | 2025-06-17 08:00 UTC |
| Ignition Claim Ends | 2025-07-29 14:00 UTC |
| Overdrive Period | 2025-07-29 14:00 UTC to 2025-08-12 14:00 UTC |
| Overdrive Claim Ends | 2025-12-17 14:00 UTC |
| Pre-farming Ends | 2025-12-17 14:00 UTC |
| Layer3 Claim Ends | 2025-12-17 14:00 UTC |
| Layer3 Campaign | 2025-03-07 to 2025-04-07 |
Token Distribution
| Tier/Category | Amount | Source |
|---|---|---|
| Ignition Airdrop | 300,000,000 SPK | Primary Airdrop |
| Pre-farming S1 | 130,434,783 SPK | Primary Airdrop |
| Pre-farming S2 | 14.48M SPK/month SparkLend + 7.24M SPK/month Aave | Primary Airdrop |
| Layer3 Campaign | 500,000 SPK | Quest Rewards |
| Overdrive | Unclaimed Ignition tokens | Staking Rewards |
| Overdrive Boost | 2x units with 1,000 USDS/USDC in Savings | Staking Rewards |
Tokenomics
| Category | Allocation | Token Amount | Vesting Schedule |
|---|---|---|---|
| Sky Farming (Users) | 65% | 6,500,000,000 SPK | Distributed by Sky over 10 years |
| Ecosystem | 23% | 2,300,000,000 SPK | 17% at TGE, 6% available after one year |
| Team | 12% | 1,200,000,000 SPK | 12-month 25% cliff, then 3-year vesting of 75% |
| Total Supply | 100% | 10,000,000,000 SPK | 10 billion SPK minted at genesis |
Sky Farming Distribution Schedule
| Year | Yearly Amount (millions) | Total Amount (millions) |
|---|---|---|
| Year 1 | 1,625.00 | 1,625.00 |
| Year 2 | 1,625.00 | 3,250.00 |
| Year 3 | 812.50 | 4,062.50 |
| Year 4 | 812.50 | 4,875.00 |
| Year 5 | 406.25 | 5,281.25 |
| Year 6 | 406.25 | 5,687.50 |
| Year 7 | 203.13 | 5,890.63 |
| Year 8 | 203.13 | 6,093.75 |
| Year 9 | 203.13 | 6,296.88 |
| Year 10 | 203.13 | 6,500.00 |
Eligibility Criteria
Primary Requirements
Ignition Airdrop (300M SPK)
Stablecoin Holdings:
- USDS, sUSDS, sUSDC, sDAI, or SAI: Hold at least $1,000 total across any of these tokens
- Snapshot dates: April 15, 2023, April 15, 2024, April 15, 2025 (all 23:59:59 UTC)
- Qualifying chains: Mainnet, Base, Arbitrum
- Possible units: One for each of the four listed tokens
xDAI Holdings:
- Hold at least 1,000 xDAI on any of the snapshot dates
- Snapshot dates: April 15, 2023, April 15, 2024, April 15, 2025 (all 23:59:59 UTC)
- Qualifying chains: Gnosis
- Possible units: One
DAI Holdings:
- Hold at least $10,000 in DAI on any of the snapshot dates
- Snapshot dates: April 15, 2023, April 15, 2024, April 15, 2025 (all 23:59:59 UTC)
- Qualifying chains: Mainnet, Base, Arbitrum, Optimism, Polygon
- Possible units: One
SparkLend Activity:
- Deposit over $100 in a single transaction into SparkLend
- Deadline: On or prior to April 15, 2025 23:59:59 UTC
- Qualifying chains: Mainnet, Gnosis
- Possible units: One
Lending Platform Activity:
- Aave Lending: Lend at least $5,000 in aggregate across USDS, sUSDS, USDT, USDC, USDe, sUSDe, DAI, or sDAI
- Morpho Lending: Lend at least $5,000 in aggregate across USDS, sUSDS, USDT, USDC, USDe, sUSDe, DAI, or sDAI
- Fluid Lending: Lend at least $5,000 in aggregate across USDS, sUSDS, USDT, USDC, USDe, sUSDe, DAI, or sDAI
- Snapshot date: March 15, 2025 23:59:59 UTC
- Qualifying chains: Aave (Mainnet, Base, Arbitrum, Polygon, Optimism, Gnosis), Morpho (Mainnet, Base, Polygon), Fluid (Mainnet, Arbitrum, Base, Polygon)
- Possible units: One for each platform
Other DeFi Activities:
- Pendle PT, YT, or LP: Hold at least $5,000 in aggregate in Pendle PT, YT, or LP in top 3 markets by TVL
- Ethena Holdings: Hold at least $5,000 in Ethena sUSDe or USDe
- Curve 3pool LP: Supply at least $5,000 as a Curve 3pool LP
- Pendle vePENDLE: Hold at least $5,000 in Pendle vePENDLE
- Snapshot date: March 15, 2025 23:59:59 UTC
- Qualifying chains: Mainnet
- Possible units: One for each activity (two for Ethena - one for each token)
Pre-farming Airdrop
Season 1 (Aug 20, 2023 - May 20, 2024):
- 80% of Season 1 SPK allocation distributed pro rata to users borrowing DAI
- 20% distributed pro rata to users supplying ETH
- Calculations based on qualifying amount and total duration supplied
- Only activities on Ethereum mainnet counted
Season 2 (May 20, 2024 - June 16, 2025):
- SparkLend: 80% distributed pro rata to users borrowing USDS or DAI, 20% to users supplying ETH
- Aave: Distributed pro rata to users who supplied USDS into Aave
- Calculations done per block, based on qualifying amount supplied in each block
- Only activities on Ethereum mainnet counted
Layer3 Campaign
- Complete all four Spark quests on Layer3 platform
- Campaign period: March 7, 2025 to April 7, 2025
- 500,000 SPK evenly distributed among all users who completed all four quests
Additional Airdrop Opportunities
Overdrive Airdrop
Qualification Rules:
- Must claim Ignition airdrop before claiming deadline
- Must stake at least total allocation of SPK from Ignition airdrop by July 29, 2025 14:00 UTC
- Staked SPK must remain staked until August 12, 2025 14:00 UTC
- Staked SPK cannot be in cooldown at any point from July 29 to August 12, 2025
- Rules only apply to SPK earned from Ignition airdrop for given wallet
Boost Qualification Rules:
- Must have at least 1,000 USDS or USDC in Spark Savings by July 29, 2025 14:00 UTC
- Minimum amount must remain in Spark Savings continuously from July 29 to August 12, 2025
- Users already saving minimum amount before Overdrive begins automatically qualify
Distribution:
- Distributed from pool of unclaimed SPK from Ignition phase
- Proportional to “Overdrive units” relative to other participants
- Base units: 1 unit per SPK token staked for entire Overdrive period
- Boost option: Double Overdrive units with savings requirement
- Max amount: 10x Ignition airdrop amount per user
Claim Process
- Visit app.spark.fi/SPK/airdrop and connect wallet
- Check eligibility and allocation amount
- Choose to claim without staking or participate in Overdrive
- For Overdrive: Stake full Ignition allocation + optionally deposit 1,000 USDS/USDC in Savings
- All claims must use same wallet that qualified for airdrop
Special Conditions
Anti-cheat Measures
SparkLend Exclusions:
- Lending sDAI while borrowing DAI
- Lending and borrowing ETH on same account
- Supplying sUSDS while borrowing USDS
- Supplying sDAI while borrowing USDS
Aave Exclusions:
- “Stablecoin looping” (supplying USDS and borrowing DAI or USDS and supplying USDS again)
- Highly leveraged USDS positions
Anti-cheat Formula (SparkLend): Airdrop = 80% * (DAI Borrows + USDS Borrows - sDAI Supplies * sDAI Liquidation Threshold - sUSDS Supplies * sUSDS Liquidation Threshold) + 20% * (ETH Supplies - ETH Borrows / ETH Liquidation Threshold)
Anti-cheat Formula (Aave): USDS Supplies - Sum_i(USDS+DAI Borrow Amount (in USD) / USDS+DAI Liquidation Threshold)
Eligibility Requirements
- Must be 18+ years old
- Not subject to sanctions or restricted party lists
- Must meet specific criteria for each airdrop phase
- Unclaimed tokens returned to ecosystem treasury after claim deadlines
- All qualifying amounts denominated in USD using Dune pricing at snapshot times
- Users qualifying for multiple criteria receive more Ignition units
- Final allocation proportional to total Ignition units relative to all qualifying users
Additional Notes
- Spark deploys $3.86B across DeFi, CeFi, and RWA
- Borrows from Sky’s $6.5B+ reserves
- Supports multiple chains: Ethereum, Base, Arbitrum, Optimism, Polygon, Gnosis
- Claims only possible on Ethereum Mainnet
- All qualifying amounts calculated using Dune pricing at snapshot times
- Each criterion met earns users one “Ignition unit”
- Users’ final SPK allocation proportional to total Ignition units relative to all qualifying users
- Sky retains ability to mint additional SPK tokens under extreme circumstances to cover bad debt
Important Links
Official Links
- Official Website: Spark
- Claim Portal: app.spark.fi/SPK/airdrop
- Documentation: Spark Docs
- SPK Token Info: SPK Token Docs
Source References
- TGE Announcement: Spark Tweet
- Ignition Launch: Spark Tweet
- SPK Token Launch: Spark Tweet
- Ignition Guide: Spark Docs
- Overdrive Guide: Spark Docs
- Pre-farming Guide: Spark Docs
- Layer3 Guide: Spark Docs
Price Tracking
- CoinGecko: Spark (SPK)
Additional Information
- Spark solves DeFi’s core inefficiencies: fragmented liquidity, unstable yields, and idle stablecoin capital
- Acts as two-sided capital allocator borrowing from Sky’s reserves and deploying across DeFi, CeFi, and RWAs
- Multiple airdrop phases ensure comprehensive community rewards
- Anti-cheat measures prevent gaming while maintaining fair distribution
- Overdrive phase encourages long-term engagement through staking and savings
- Layer3 campaign educated users about Spark’s ecosystem
- All unclaimed tokens support future ecosystem development through treasury allocation
- Borrowing DAI and depositing into sDAI using Spark Savings feature is accepted and doesn’t count against airdrop
- SPK serves as governance and staking token with long-term vision for sustainability and decentralization
- Sky farming will distribute 6.5B SPK over 10 years through USDS staking farms