Spark Governance New Developments: Reserve Fund Scheme Parameters Significantly Adjusted, SPK Repurchase Ratio Increased

SignatureVerifier · 2026-01-22T07:26:15+00:00

Phoenix Labs submits a proposal to the governance layer to adjust the SubDAO reserve fund plan, shorten the risk assessment cycle, optimize the reserve fund size, and increase buyback efforts. The goal is to improve capital efficiency, promote SPK buybacks, and in the future, supplement potential gaps with external risk capital.

SignatureVerifier

2026-01-22 07:26:15

Abstract generation in progress

【ChainNews】The Spark community has a new voice. Phoenix Labs recently submitted a significant proposal to the governance layer, mainly aimed at adjusting the previously approved SubDAO reserve fund plan.

How are they adjusting it? The core changes include:

Shortening the time cycle. The RRC’s retrospective period has been drastically reduced from 12 months to 3 months, meaning the risk assessment window has been significantly compressed. At the same time, the overall target operational cycle for the reserve fund has been reduced from 24 months to 12 months, effectively speeding up the capital flow.

Optimizing the reserve fund size. The risk coverage scale of Spark products has been lowered from 5 million USDS to 1 million USDS. While this appears to reduce the protection scope, the actual logic is to free up more excess reserve funds.

Increasing buyback力度. This is a highlight — the standard buyback ratio has been directly increased from 10% to 25%, meaning the speed and scale of SPK buybacks will accelerate. Additionally, a new “buyback recipient” parameter has been added to precisely specify the destination after SPK buyback.

Phoenix Labs states: This set of adjustments can reduce the size of the reserve fund, allowing the excess funds to be more efficiently used for SPK buybacks. In the long run, they plan to incorporate some external or leased risk capital to fill potential future risk capital gaps. Simply put, making the funds more tight and purposeful.

SPK-0,85%

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ShitcoinArbitrageur

· 13h ago

Whoa, a 25% buyback ratio? This is definitely a move to pump the price. Whether SPK can turn around depends on this move.

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Lonely_Validator

· 13h ago

Haha, a 25% buyback ratio, this move is indeed quite aggressive. Just not sure if it can truly boost the price.

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WagmiWarrior

· 13h ago

25% buyback ratio? That's the key point, SPK is about to take off.

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NFT_Therapy_Group

· 13h ago

Wait, jumping from 10% directly to 25%? Are they trying to urgently support the market... But on the other hand, shortening the cycle and releasing liquidity—this combination of measures seems to be paving the way for subsequent actions.

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DustCollector

· 13h ago

25% buyback ratio? Now SPK can breathe a sigh of relief. The previous 10% was really too modest... But conducting an evaluation every 3 months—could that be too frequent? The risk window is so narrow, it's a bit nerve-wracking.

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