PANews reported on April 10 that according to The Block, Spark, a sub-DAO of the Sky (formerly MakerDAO) ecosystem, has launched a new program called "Spark Rewards" aimed at "rewarding user participation". The program will provide weekly token rewards to users who "take specific on-chain actions and contribute to the growth of the Spark ecosystem". The first activity will be conducted in collaboration with the oracle provider RedStone. As part of this plan, RedStone will integrate price information into the existing oracle system of Spark maintained by Chronicle and Chainlink. Users participating in the "RED Season" activity will provide cbBTC to the SparkLend smart contract on the Ethereum mainnet in exchange for RED tokens recently launched by RedStone. Approximately 11.5 million RED tokens, valued at around $6 million, are expected to be distributed during the activity.
