[Ethereum] Spark Treasury - Transfer USDS to Grove for Remaining Share of Ethena Revenue - February 2, 2026
AI summary
This proposal seeks to transfer 78,394 USDS from Spark's treasury to Grove. This payment is the remaining share of revenue generated from an investment made earlier in 2025 into Ethena's USDe and sUSDe tokens. Spark and Grove had previously shared the financial responsibility for this investment, which was managed within Spark's liquidity layer.
If this proposal passes, Grove will receive $78,394 in USDS, fulfilling a prior agreement between Spark and Grove regarding shared investment revenue. If it fails, Grove will not receive this payment, potentially impacting their financial operations or relationship with Spark.
Voting results
🐳 Whale votes
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[Ethereum] Spark Treasury - Transfer USDS to Grove for Remaining Share of Ethena Revenue - February 2, 2026
Spark's Operational Facilitator has placed a proposal into the voting system on behalf of nested contributor Phoenix Labs.
Review
The Spark community can hereby express support or opposition to the following changes, as described by the author of the proposal:
Earlier in 2025, Spark and Grove split financial responsibility and underwriting for allocation into Ethena USDe and sUSDe, with the allocation taking place in the Spark Liquidity Layer and net revenue being conveyed to …