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 billions 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