Spark Initiates SPK Buyback Using CoW Swap's TWAP Functionality

Spark has recently transferred 570,000 USDS to a new multi-signature wallet, according to ChainCatcher. The lending platform has begun purchasing SPK in small amounts through CoW Swap's TWAP feature, accumulating 1.84 million SPK so far. Previously, Spark approved a proposal for SPK buyback, which involves setting aside approximately $35 million as operational reserves. The plan is to use 10% of surplus funds each month for SPK buyback, with the initiative expected to last for 12 months.