💙 Gate Square #Gate Blue Challenge# 💙
Show your limitless creativity with Gate Blue!
📅 Event Period
August 11 – 20, 2025
🎯 How to Participate
1. Post your original creation (image / video / hand-drawn art / digital work, etc.) on Gate Square, incorporating Gate’s brand blue or the Gate logo.
2. Include the hashtag #Gate Blue Challenge# in your post title or content.
3. Add a short blessing or message for Gate in your content (e.g., “Wishing Gate Exchange continued success — may the blue shine forever!”).
4. Submissions must be original and comply with community guidelines. Plagiarism or re
$SPK $MKR
{future}(MKRUSDT)
The one that has performed the best in the past couple of days is spk. Many people don't quite understand why it has surged so much, nor do they know what it actually does. However, when it comes to the stablecoin MKR, everyone is definitely familiar with it; with such a strong backing, it's understandable.
SPK (Spark Protocol) is a decentralized lending platform under the well-established stablecoin project MakerDAO on Ethereum. Its core business is to provide DeFi lending services for users and directly obtain liquidity support from MakerDAO.
Token Functions: SPK is mainly used for platform governance, liquidity incentives (such as deposit mining), and ecological reward distribution.
Technical advantages: Backed by the stablecoin system of MakerDAO (such as DAI, USDS), it has a mature clearing mechanism and risk control model.
Ecological Dependence Risk
MakerDAO Policy Change: If MakerDAO reduces its liquidity support for Spark, the application scenarios for SPK will significantly shrink.
Lack of substantial application scenarios: Current functions are limited to lending incentives, lacking independent technological breakthroughs.
Liquidity mining: Deposit USDS to earn SPK rewards, but the annualized rate decreases as more funds enter, not recommended for small amounts.
Event-driven: Pay attention to the heat of the stablecoin track in August, which may lead to speculative increases.
Long-term risk
Unlocking Pressure: The circulating supply is expected to increase to 1 billion coins within the next year, and the surge in supply may lead to long-term pressure on the coin's price.
Regulatory uncertainty: The US SEC is intensifying its investigation into cryptocurrency manipulation, and SPK may be targeted due to its high volatility.
SPK is essentially a liquidity incentive token relying on the MakerDAO ecosystem. In the short term, it experiences significant volatility due to the pump of new coins on exchanges, but its long-term value depends on actual application and implementation.