The Edge Newsletter
Posts
The Only Top 5 DeFi Protocol Without a Token Is Finally Launching One

The Only Top 5 DeFi Protocol Without a Token Is Finally Launching One

Spark will supercharge its protocol soon with a native token called SPK

DeFi Dad
June 14, 2025

Spark has quietly become one of the largest players in DeFi, managing over $4 billion in assets, without raising from VCs or launching a token—yet! But now, after months of speculation, the team is preparing to launch SPK, the governance token behind the Spark ecosystem.

In this episode of The Edge Podcast, we sit down with Sam MacPherson, CEO of Phoenix Labs, a service provider to Spark. We unpack what’s next for one of the most capital-efficient, resilient protocols in crypto including an overview of their product suite: Spark Liquidity Layer, Savings USDS (sUSDS), and SparkLend.

Spark Data Hub

We cover how Spark evolved out of MakerDAO, how Spark Liquidity Layer lends to liquidity onchain to institutions like BlackRock, and how the upcoming SPK token and airdrop will align Spark’s massive user base. Sam also shares Spark’s growing role in RWAs, stablecoins, and why he believes “Spark is not a bank—it’s something much bigger.”

Thanks to our sponsors for making it possible to share this content for FREE!

| CONTINUE BELOW FOR PODCAST LINKS |

FAIR Blockchain | The End of MEV. The Future of AI and Finance.

FAIR Blockchain is the first MEV-resistant Layer 1 built for the future of AI and finance. Powered by BITE Protocol, it enables encrypted execution, instant finality, and SKALE ecosystem integration, where MEV ends and fairness begins.

fairchain.ai