ChainCatcher news, Sky (formerly MakerDAO) posted on the X platform that the new SPK token economics proposal has been released on the Sky forum. This proposal aims to regulate the issuance of Star tokens, with the first Star token SPK set to launch in the coming months.It is reported that the initial issuance of Star tokens will last for 10 years, with half of the issuance occurring in the first two years, followed by a halving of the issuance rate every two years. Like all future Star tokens, the total supply of SPK will be 10 billion; of which 8 billion will be allocated to three types of recipients: USDS holders, activated SKY holders, and sealed SKY holders. SPK is expected to be issued in the coming months; additionally, 1 billion will be allocated for liquidity incentives, and another 1 billion for contributor token grants. Both portions of tokens will be managed by the governance team of each Star token, with rewards tied to milestones and performance, and liquidity tokens will need to comply with transparency and reporting systems.

ChainCatcher news, MakerDAO rebrands Sky announced on the X platform that SparkLend will become the first token of Stars (formerly known as subDAO before the rebranding).Subject to governance approval, the SparkLend token SPK will be distributed to eligible users through Sky Token Rewards, who deposit (stablecoin) USDS to acquire new tokens during each new Star token release.SPK pre-farming has been running for over a year, allowing SparkLend users to receive pre-allocations, which will be claimable at the launch of SPK.

ChainCatcher news, MakerDAO founder Rune Christensen announced the launch of the NewGovToken activation feature. Holders can earn SPK rewards by activating NewGovToken, accounting for 15% of the total rewards.NewGovToken can be obtained by upgrading MKR at a ratio of 1:24,000, with no lock-up period and can be deactivated at any time. In the future, stablecoin rewards and tokens from other SubDAOs may also be available. The feature requires approval through the governance process and is not available to users in the United States and VPN users.

ChainCatcher news, MakerDAO announced on social media the upcoming launch of its first SubDAO, Spark. Spark will be part of MakerDAO's Endgame roadmap and will also release its native token SPK along with various SPK token farming programs.It is reported that Spark's main products include SparkLend and Cash & Savings, specifically: SparkLend enables users to borrow DAI at scale using highly liquid assets and provides a top-notch user experience; Spark Cash & Savings introduces a decentralized, on-chain bank-like product that links the functionalities of cash and savings accounts with the Dai Savings Rate (DSR), accessible via DAI, USDT, and USDC.Moreover, 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 allows users to participate in the governance of the MakerDAO ecosystem by acquiring NewGovToken. SparkDAO advocates a community-driven governance model supported by SPK token voting. Over time, the goal of Spark governance is to achieve complete autonomy in managing all aspects of Spark and to seamlessly integrate into Maker SubDAO.

ChainCatcher message, MakerDAO founder Rune Christensen initiated a community proposal regarding "Overview of the SparkDAO SPK Pre-Mining Airdrop and SubDAO Farm" to outline the potential SPK pre-mining airdrop plan for the lending protocol Spark Protocol and to review the general SubDAO mining economic model that will be launched in the second phase.The proposal suggests retroactively calculating which users borrowed from Spark Protocol, starting from the moment the borrowing interest rate was raised to 5% from EDSR, and distributing tokens based on the amount and duration of the volatile assets they have staked, allowing users to qualify for the airdrop without taking any special actions.A total of 2 billion SubDAO tokens will be distributed to each SubDAO participant over 10 years, with the initial two years having a genesis farm rate of 500 million SubDAO tokens per year, of which 350 million SubDAO tokens are allocated for NewStable farmers and 150 million SubDAO tokens for NewGovToken farmers. In the following two years (third to fourth year), the genesis farm rate will be 250 million SubDAO tokens per year, with 175 million SubDAO tokens for NewStable farmers and 75 million SubDAO tokens for NewGovToken farmers.