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⚡️ Spark @sparkdotfi achieves a 30% emission reduction with the Sky ecosystem through the SAEP-09 proposal.

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BITWU.ETH
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2 months ago
AI summarizes in 5 seconds.

⚡️ Spark @sparkdotfi has formed a perfect combination of throttling + open-source deflation through the SAEP-09 proposal and a 30% emission reduction in the Sky ecosystem—

I think you can start considering your layout:

👉 SAEP-09 Proposal: Release existing funds to expand the buyback inflow.

Unlock and release the existing funds trapped in the protocol by lowering the cushion requirements and accelerating the turnover of funds, allowing more protocol income to be directly used for $SPK buybacks.

👉 Sky Emission Reduction Action: Remove SPK rewards from SKY staking to cut off the inflation outflow.

Sky is willing to sacrifice the staking attractiveness of its own token SKY to ensure the success of the SPK buyback proposal.

This shift essentially transforms SPK from a purely "mining coin" model to an income-driven value accumulation model, showcasing the high synergy and long-term value orientation among SubDAOs within the MakerDAO ecosystem.

It is estimated that the annualized emission reduction/buyback potential reaches $23 million, which is about 45% of the current circulating market value.

This ratio is quite rare among DeFi projects, equivalent to a company using 45% of its annual profits for stock buybacks, providing strong support for the token price.

If the execution goes smoothly, the buyback should start next month!

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