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SPK Overdrive Airdrop

Overdrive was the second phase of the Ignition airdrop series, where Ignition claimants had an option to qualify for a second airdrop. The Ignition airdrop phase lasted from the airdrop date to six weeks after the airdrop date. After this period, Ignition recipients were no longer able to claim their airdrop. SPK which was unclaimed after that period was allocated for distribution to participants in Overdrive as follows. For simplicity, the following dates have the following IDs:

  • DATE_1: July 29, 2025 - 14:00 UTC
  • DATE_2: August 11, 2025 - 14:00 UTC

How did users qualify for the Overdrive airdrop?

To qualify for Overdrive, users had to stake their Ignition SPK during the Overdrive period as explained below.

Official Overdrive Qualification Rules:

  1. User must have claimed their Ignition airdrop before the claiming deadline.
  2. Users had to stake at least their total allocation of SPK from the Ignition airdrop by DATE_1 using the same wallet that qualified for the corresponding Ignition airdrop.
  3. This staked SPK had to remain staked until DATE_2.
  4. This staked SPK could not be in cooldown at any point from DATE_1 to DATE_2.
  5. The above rules only applied to the amount of SPK that was earned from the Ignition airdrop for a given wallet. Unstaking SPK that was earned in another way did not impact Overdrive eligibility.
  6. Similarly, staking more SPK than was received in the Ignition airdrop did not translate to a higher Overdrive airdrop amount. The Overdrive amount was based on the user's Ignition airdrop amount only.

What was Overdrive Boosting?

Users that qualified for Overdrive could boost their Overdrive airdrop amount by using Spark Savings during the Overdrive period.

Official Boost Qualification Rules:

  1. Users had to have at least 1,000 USDS or USDC in Spark Savings associated with the same wallet they used to claim the Ignition airdrop by DATE_1.
  2. This minimum amount had to remain in Spark Savings continuously from DATE_1 to DATE_2.
  3. Users that were already saving the minimum amount of USDS or USDC in Spark Savings before Overdrive began did not have to take any action and could still qualify if they met the two requirements above.

How was Overdrive SPK distributed?

Overdrive SPK was distributed from the pool of unclaimed SPK from the Ignition phase to all qualifying users in the Overdrive phase proportional to how many "Overdrive units" they had.

Overdrive units were calculated as follows:

  1. Base Units:
    • Users received 1 "Overdrive unit" for each SPK token received in Ignition that was staked for the entire Overdrive period (DATE_1 to DATE_2).
  2. Boost Option:
    • Users could double their Overdrive units by boosting as described above.
  3. Max Amount:
    • As a contingency measure for low airdrop participation, the max amount of SPK that each user could receive from their Overdrive airdrop was 10x the amount that they received from their Ignition airdrop.
    • In this situation, any remaining SPK after the Overdrive airdrop was complete would go back to the Spark treasury.

Overdrive participants received SPK in an amount proportional to their Overdrive units relative to the Overdrive units of other participants, with a max of 10x their Ignition airdrop amount:

When was the Overdrive period?

The Overdrive period ran from July 29, 2025 - 14:00 UTC to August 11, 2025 - 14:00 UTC.

Claiming Period

The claim period for Overdrive SPK tokens ran from August 12, 2025 - 14:00 UTC to December 17, 2025 - 14:00 UTC. The claiming period ended on December 17, 2025. Any Overdrive SPK tokens which remained unclaimed were returned to the ecosystem treasury.