Sky Forum has released a new SPK token economics proposal

On November 8th, Sky (formerly MakerDAO) announced on platform X that a new SPK token economics proposal has been published on the Sky forum. The proposal aims to regulate the issuance of Star tokens, with the first Star token, SPK, set to be launched in the coming months. As stated in the proposal, the initial issuance of Star tokens will last for 10 years, with half of them being issued in the first two years and then halving every two years thereafter. Like all future Star tokens, SPK's total supply is 10 billion; out of which 8 billion are allocated to three types of recipients: USDS holders, activated SKY holders and sealed SKY holders. SPK is expected to be issued first within a few months; additionally, 1 billion is allocated for liquidity incentives and another 1 billion for contributor token grants - both parts will be managed by each Star token's governance team with rewards tied to milestones and performance while liquidity tokens must adhere to transparency and reporting systems. Subject to approval from governance layer this proposal aims at establishing a clear and transparent framework for issuing each star token within Sky ecosystem.