SPK Staking

SPK staking enables users to stake their SPK tokens to secure Spark and earn staking rewards in return. Spark leverages Symbiotic’s staking infrastructure for SPK staking. This guide explains how staking works, how to participate, and important details about rewards and withdrawals.

What is SPK Staking?

SPK staking allows token holders to stake their SPK to secure Spark. In return, stakers earn Spark Points. The staked SPK helps increase the security of the system, by securing future innovations for the protocol. Staked SPK will not be slashable at launch, but will have slashing functionality introduced later once integrations are added.

How do I stake SPK?

To stake SPK tokens:

1. Navigate to the staking page on app.spark.fi.
2. Input the amount of SPK you wish to stake.
3. Follow the actions in the UI.
4. Rewards will start accruing immediately.

What are the rewards?

• Users staking SPK will earn Spark Points. These users will also earn Symbiotic points.
• As soon as you stake SPK, you will start earning points. You can see these points in the Spark App UI and on https://points.spark.fi/
• You can read more about the Spark Points program here.

How do I withdraw my stake?

To queue your staked SPK for a withdrawal:

1. In the UI, select the staking position.
2. Specify how much SPK to withdraw.
3. Execute the transactions in the UI.
4. The staked SPK enters the withdrawal queue.

Withdrawal Process

• The staked SPK enters a withdrawal queue.
• There is a minimum withdrawal delay of 2 weeks.
• The delay can extend up to 4 weeks depending on when you withdraw.
• The UI will show you when you are able to withdraw SPK to your wallet.
• Execute the transaction in the UI to withdraw SPK to your wallet.

How does the withdrawal delay work?

The withdrawal delay is part of the underlying staking infrastructure provided by Symbiotic:

• Withdrawals can only happen after the current epoch and the next one are finished.
• Each epoch is set to two weeks.
• There is always a minimum 2-week withdrawal delay and a maximum of 4 weeks delay depending on when you initiate the withdrawal.

• User withdraws 7 days into epoch 38.
• User cannot withdraw until epoch 39 ends.
• Since each epoch is 14 days long, and the user is 7 days into epoch 38 they can withdraw their stake in 21 days (7 days remaining in epoch 38 + 14 days for epoch 39).

Will I earn points while my stake is in the withdrawal queue?

• Yes, users in the withdrawal queue will earn points.

Why is there a withdrawal delay?

The withdrawal delay is a security feature that:

• Provides guarantees of a certain stake size for predetermined periods.
• Ensures systems can rely on stake size for minimum of 2 weeks in the future.
• Prevents potential security issues of large instant withdrawals of stake.

What is the staked SPK used for?

• Initially, the stake will not be used for economic security, but the development roadmap includes the potential for using the stake to secure token bridges that are part of the Spark Liquidity Layer.
• Furthermore, the stake may be used to secure other future products of the Spark Ecosystem.

Can I vote with my staked SPK?

Yes, users can vote with their full amount of SPK even when their SPK is staked.

What platform is used for staking?

Spark leverages Symbiotic as its staking platform. You can read more about the withdrawal delay and epoch system in their documentation.