[Ethereum] Spark Treasury - Initiate DssVest for SPK Contributor Vesting - February 2, 2026

Spark's Operational Facilitator has placed a proposal into the voting system on behalf of nested contributor Phoenix Labs.

Review

The Spark community can hereby express support or opposition to the following changes, as described by the author of the proposal:

12% of the SPK token supply was set aside for contributor rewards and grants, subject to a 4-year linear vesting schedule with a 1-year cliff (meaning 25% unclocks after 1 year from TGE, and the remainder unlocks linearly over the following 3 years at a rate of 25% per year).

This spell will initiate a DssVest contract to convey the SPK tokens as stated in the tokenomics. The SPK required to fund this is held in the Spark SubDAO Proxy, which will grant an approval to the DssVest contract to facilitate the vesting stream.

Parameter summary:

• DssVest
  • Recipient address(es): to be provided when available
  • Start date: 17 June 2025
  • Cliff date: 17 June 2026
  • End date: 17 June 2029
  • Vesting method: Linear per block with cliff
  • Claim auth: Permissionless
• SubDAO Proxy actions
  • Approve SPK
    • Address: DssVest contract address to be provided when available
    • Amount: 1.2 billion SPK (12% of total supply)

The proposed Spark Artifact changes can be found in the following pull request: https://github.com/sky-ecosystem/next-gen-atlas/pull/177

Outcomes

• If "For" receives the most votes, the proposal will be approved. The associated pull request will be merged into Spark's artifact and the SPK contributor vesting will be set up as described through an upcoming executive vote.
• If "Against" receives the most votes, the proposal will be rejected. No changes will be implemented.