Spark, a subDAO within the Sky ecosystem, has launched the Spark Rewards initiative to incentivize user participation in DeFi. The program, in collaboration with oracle provider RedStone, will distribute approximately $6 million worth of RED tokens to users who perform specific onchain actions. RedStone will integrate its price feeds with Spark's oracle system, enhancing the platform's capabilities. Participants in the "RED Season" will supply cbBTC to the SparkLend smart contract on Ethereum to earn RED tokens. Spark aims to strengthen the DeFi ecosystem by encouraging active user involvement. The platform has attracted significant liquidity and revenue, and previously launched a $1 billion competition to integrate real-world assets into DeFi. RedStone is also a primary oracle for tokenized funds by major financial institutions.

Spark, a subDAO that is part of the Sky (formerly MakerDAO) ecosystem, has launched a new initiative to "reward user participation." The program, called Spark Rewards, will offer weekly token payouts to "users who take specified onchain actions that contribute to the growth of the Spark ecosystem."The first campaign will be run in collaboration with oracle provider RedStone. As part of the initiative, RedStone will integrate price feeds to Spark’s existing oracle system maintained by Chronicle and Chainlink. Spark, a decentralized lending platform, notes that "most DeFi protocols only use one oracle provider."Participants in the so-called "RED Season" program will supply cbBTC, a wrapped version of bitcoin created by Coinbase, to the SparkLend smart contract on the Ethereum mainnet in exchange for RedStone’s recently launched RED token. Approximately 11.5 million RED tokens worth about $6 million are expected to be distributed over the campaign."Spark Rewards is all about unlocking synergies across DeFi," Sam MacPherson, CEO and co-founder of Phoenix Labs, the R&amp;D company behind Spark, said in a statement. "By empowering users to actively contribute, we’re strengthening the entire ecosystem to create a more resilient, connected, and user-aligned DeFi landscape that truly benefits everyone involved."Spark has attracted over $2.1 billion liquidity and generates $130 million in annualized revenue. Last year, the protocol announced a $1 billion Tokenization Grand Prix competition to onboard real-world assets into DeFi by offering capital to selected participants, including giant asset managers Apollo and BlackRock and crypto-natives like Superstate.RedStone was recently tapped by Securitize as its primary oracle for tokenized funds issued by BlackRock, Apollo and other financial institutions.

Spark has partnered with RedStone to launch a DeFi user reward program, valued at approximately 6 million USD in RED tokens.