According to Odaily, MakerDAO's lending protocol, Spark, has announced the upcoming launch of the second season of SPK token pre-mining on platform X. The monthly distribution amount is set at 6.66 million tokens, with a fixed SPK allocation per block. These will be distributed to eligible SparkLend users on the Ethereum network.
Eligibility is determined by two factors: the amount of ETH deposited and DAI borrowed by the user, and the duration of the user's ETH deposit or DAI borrowing position. After the launch of the SPK token, users will be able to claim their allocation based on the total amount of SPK pre-mined over the two seasons.
The second season of SPK token pre-mining is scheduled to begin on May 20 at 14:26 UTC and will end with the launch of SPK and Spark SubDAO.
