Spark has opened a governance vote to allocate surplus SubDAO treasury funds, exceeding $10 million since June's TGE, toward SPK token buybacks under set parameters.
Spark announced on X that voting has begun on a governance proposal to introduce a SubDAO buyback mechanism using surplus funds. Since its token generation event in June, the protocol’s SubDAO treasury has accumulated over $10 million in net income. The plan would deploy funds exceeding risk and operational expense reserves to repurchase SPK tokens, with the process regulated by predefined governance parameters.