By 12 June 2025, Spark Foundation officially released its MiCA-compliant white paper for SPK - the governance token set to power its groundbreaking decentralized finance platform.

The white paper outlines the technical specifications, tokenomics and mechanics underpinning Spark's next-generation DeFi infrastructure.

Spark is a leading DeFi protocol built as a capital allocator across stablecoins on Ethereum and Layer-2 networks. Its core modules - Spark Savings, SparkLend, and the Spark Liquidity Layer - work in concert to channel trillions in stablecoin liquidity onchain, providing users with transparent, competitive yields and fixed-rate borrowing backed by deep reserves.

The SPK token, when launched, will enable participants to engage in governance, reinforcing network security and long-term protocol alignment.

With total value locked now exceeding $5 billion and annualized revenue surpassing $160 million, Spark has emerged as a major force in DeFi, integrating cross-chain liquidity and composable yield strategies at scale.

Samar Law is pleased to have advised Spark in drafting of the SPK white paper. The white paper can - alongside other relevant information - be accessed here: https://docs.spark.fi/mica