Spark Platform Launches SPK Buyback Plan, 1.84M SPK Already Repurchased

The lending platform Spark previously passed an SPK buyback proposal, and it seems like they’ve already started the buyback in the past two days: two days ago, they transferred 570K USDS to a new multi-signature wallet, and then began small, multiple SPK purchases using CoW Swap’s TWAP function. So far, they’ve already bought back 1.84M SPK ($36K). Here’s how Spark’s buyback works: they set aside $35M in the treasury as an operational reserve, which won’t be touched. Then, from any surplus funds, they’ll allocate 10% each month to buy back SPK. This buyback is expected to last for 12 months. On-chain buyback details: https://(debank.com)/profile/0x797b010e0babb493b8dedd6f6ce5cc72778c2bf3 ---------------------------------------------------- Bitget VIP: Lower fees, bigger perks! Get into US stocks in seconds!