Founder of Ethereum Stablecoin Issuance Platform Maker Proposes Pre-Farming Airdrop for Spark Protocol

Rune Christensen Proposes “Pre-Farming Airdrop” for Spark Protocol

Rune Christensen, the founder of Maker, has put forward an on-chain proposal for a “pre-farming airdrop” of SPK, the governance token of Spark Protocol. The proposal outlines the emission schedule of SPK tokens, with a total supply of 2 billion tokens to be distributed over 10 years. Christensen refers to the token distribution as “Blind Mining.” The aim is to reward early users of Spark by allowing them to secure early SPK tokens. This comes after the MakerDAO community voted to increase the annual returns on DAI deposited through the Spark Protocol. Now, Christensen hopes to incentivize users to borrow from Spark Protocol in order to be eligible for the SPK token airdrop.

Key Points:
– Rune Christensen proposes a “pre-farming airdrop” of SPK tokens for Spark Protocol.
– The emission schedule will distribute 2 billion tokens over 10 years.
– Early users of Spark can secure early SPK tokens through “Blind Mining.”
– This proposal follows the MakerDAO community’s decision to increase annual returns on DAI deposited through Spark Protocol.
– Users are encouraged to borrow from Spark Protocol to qualify for the SPK token airdrop.

Hot Take:
Rune Christensen’s proposal for a “pre-farming airdrop” of SPK tokens showcases his commitment to rewarding early users and incentivizing borrowing from Spark Protocol. This move has already seen a significant increase in deposits and utilization rate, indicating a positive response from the crypto community. As the popularity of decentralized finance (DeFi) continues to grow, initiatives like these are crucial in attracting and retaining users.