Spark — ✨Powering DeFi with $2.6B+ in liquidity. Supply, borrow, & earn with ultra-competitive rates, seamless access, and scalable liquidity. — Page 4

A Year in Spark – 2024

As 2024 comes to a close, it’s a great moment to look back on Spark’s journey. Spark launched in May 2023 with the goal of becoming the stablecoin growth engine for DeFi. SparkLend was the first offering and in just six months, SparkLend secured its spot among the top three lending protocols on Ethereum by TVL—a position it has maintained ever since. Currently, SparkLend generates an estimated $200M in annual revenue, demonstrating the transformative potential of efficient liquidity allocatio...

Spark Liquidity Layer brings $100M of Stablecoin Liquidity to Base

Spark has deployed 100m in stablecoins to Base, enabling users to swap in and out of Savings USDS at large scale with no slippage or fees. As the largest L2 with a rapidly growing user base, Base is a natural first choice, however, Spark will rapidly expand to cover all chains.PSM DashboardUntil today, those seeking yield on their stablecoins have had to deal with volatile rates due to fragmented liquidity in DeFi. The Spark Liquidity Layer exports this yield cross-chain, reducing rate volati...

Igniting Stablecoin Growth with the Spark Liquidity Layer

The Spark Liquidity Layer is a significant improvement for DeFi that solves USD liquidity fragmentation across all major chains and protocols. Using its large stablecoin balance sheet, Spark will allocate funds across DeFi using an automated system to make markets more efficient for end users. This innovation marks a key step toward optimizing the flow of stablecoin liquidity and maximizing its impact within the ecosystem. Spark operates with a clear north star: to become the most advanced yi...

Savings V2 Launches

Spark is on a mission to simplify DeFi. Savings V2 is the next step in achieving this goal by providing the Spark Universal Savings Rate (SUSR) to all major stablecoins across all major chains. Initially launching with support for USDC, USDT and ETH on Ethereum mainnet, Savings V2 will be progressively rolled out to more chains and stablecoins over the coming months.https://app.spark.fi/ (Snapshot taken Oct 14, 2025)A More Secure Approach to SavingsSpark Savings takes a conservative approach ...

Spark, Uniswap and Sky: Building the FX Layer for stablecoins

How programmable liquidity is creating the next generation of stablecoin market infrastructure Everyone is focused on launching stablecoins: PayPal launched PYUSD. Ripple launched RLUSD. Revolut, Deel and Robinhood are all exploring stablecoin initiatives or related infrastructure. In Europe, a consortium of major banks including ING, BBVA and BNP Paribas is working towards a regulated euro stablecoin. In Japan, MUFG, Mizuho and SMBC are exploring stablecoin initiatives of their own. Visa, Ma...

Spark Q4 2025 Financial Report

Dear Spark community, Below is the Q4 2025 financial report. 1. Executive SummarySpark closed Q4 in a strong financial position, based on internal estimates derived from onchain data and governance-defined mechanisms. The quarter reflected sustained yield generation and efficient capital deployment across Spark’s core protocol components, with distribution rewards, the Spark Liquidity Layer, and SparkLend representing the primary contributors to protocol-level returns despite a more challengi...

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Spark Roadmap: The next 6 months

A look back2025 has been a busy year for Spark. The year started with the launch of the Spark Liquidity Layer (SLL). This cross-chain, multi-asset allocation system enables Spark to access new lending opportunities, such as the Coinbase BTC Borrow product, which now supports $500 million of onchain loans directly to Coinbase users on Base. Coinbase kicked things off, but it is expected that most exchanges/fintechs will follow suit as the world races to get onchain. This is due to the cheap ca...

Spark Prime: CeDeFi Margin Lending

An Institutional-Grade, Junior-Capital Vault for USDS

Spark Partners with Anchorage Digital to Expand Support of Institutional Lending Infrastructure

Institutional adoption is expected to be the most significant growth vector for DeFi in the coming years. Spark has positioned itself to be a major player in this growing market by offering a suite of institutional-grade solutions. SparkLend is the largest institutionally-focused lending market on Ethereum, with over $5 billion in liquiditydeposits. Spark Savings provides the ultimate treasury management solution with deep on-chain stablecoin liquidity ($4.2 billion) and competitive risk-adju...