DeFi protocol Spark has commenced voting on its 'SubDAO Proxy Management Plan' proposal, with the voting period open until November 28. The proposal aims to consolidate all net earnings into the SubDAO Proxy, which serves as the protocol's treasury. Funds exceeding Spark's risk capital and operational expenses will be allocated to purchasing SPK tokens, following governance guidelines. As the treasury surplus increases, the scale of token buybacks will automatically expand according to a pre-set program.
Spark Initiates Voting on SubDAO Proxy Management Proposal
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