PANews reported on November 25th that Spark announced on its X platform that a governance proposal to adopt a buyback mechanism (SubDAO proxy governance plan) has entered into voting. Since the token generation event (TGE) in June, the protocol has deposited over $10 million in net revenue into the SubDAO treasury. According to the proposal, any excess funds exceeding Spark's needs for venture capital and operating expenses (OpEx) will be used to purchase SPK tokens according to parameters defined by governance. As the excess capital accumulated in the treasury increases, the buyback scale will be increased accordingly. This proposal aims to align protocol operations, treasury management, and community incentives within a transparent and programmatic framework.PANews reported on November 25th that Spark announced on its X platform that a governance proposal to adopt a buyback mechanism (SubDAO proxy governance plan) has entered into voting. Since the token generation event (TGE) in June, the protocol has deposited over $10 million in net revenue into the SubDAO treasury. According to the proposal, any excess funds exceeding Spark's needs for venture capital and operating expenses (OpEx) will be used to purchase SPK tokens according to parameters defined by governance. As the excess capital accumulated in the treasury increases, the buyback scale will be increased accordingly. This proposal aims to align protocol operations, treasury management, and community incentives within a transparent and programmatic framework.
Spark has opened a vote on a governance proposal to adopt a buyback mechanism.
PANews reported on November 25th that Spark announced on its X platform that a governance proposal to adopt a buyback mechanism (SubDAO proxy governance plan) has entered into voting. Since the token generation event (TGE) in June, the protocol has deposited over $10 million in net revenue into the SubDAO treasury. According to the proposal, any excess funds exceeding Spark's needs for venture capital and operating expenses (OpEx) will be used to purchase SPK tokens according to parameters defined by governance. As the excess capital accumulated in the treasury increases, the buyback scale will be increased accordingly. This proposal aims to align protocol operations, treasury management, and community incentives within a transparent and programmatic framework.
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