SPK Farming
Deposit USDS to earn SPK tokens through the SPK Farm. Visit app.spark.fi/spk/farm to start earning SPK.
Learn how to use the SPK Farm
Learn how to deposit, claim rewards, and withdraw using the following tutorials:
SPK Farming FAQ
What is SPK Farming?
You can deposit USDS into the SPK Farm to earn SPK tokens. SPK is the governance token of Spark.
Learn how to deposit here:
How much will I earn?
You earn SPK tokens based on the amount of USDS you deposit into the farm. On the farm page you will be able to see how many tokens you are earning in real time, and the APY based on the current token price.
When can I claim rewards?
You can claim earned SPK tokens any time you want as they accrue in real time.
Learn how to claim rewards here: Claiming Rewards
Are there any withdrawal restrictions?
No, deposited funds can always be instantly withdrawn with no liquidity constraint and no fees beyond gas cost. No other actor than the user itself have access to deposited funds.
Learn how to withdraw here: Withdrawing From the SPK Farm
Can I deposit Savings USDS or Savings DAI?
You can only deposit USDS, however you are able to convert savings tokens to USDS and deposit into the farm in a single transaction. You are therefore not able to both earn the Sky Savings Rate and earn SPK farming rewards at the same time using the same funds.
What are the risks?
Funds deposited into the SPK Farm are not used in any liquidity pool or staking mechanism, meaning they can always be instantly withdrawn without liquidity constraints and with no fees beyond gas costs. Only the user has access to the deposited funds, ensuring complete control. As a result, there are no market or staking-related risks associated with the deposited funds.
However, the value of earned SPK tokens may fluctuate based on the market price.