Spark was created to solve a structural problem that has existed since the inception of defi This enables users to easily earn the sky savings rate on their preferred network using susds Fragmented liquidity, unstable yields, and idle stablecoin capital left underutilized across chains and protocols
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Despite years of growth, this issue remained unsolved
On the ecosystem side, it borrows from sky's $6.5b+ stablecoin reserves and deploys.
Maximize your defi experience with transparent rates Maximize your defi experience with transparent ratesdeposit your stablecoins into usdc savings to tap into the sky savings rate, which grants you a transparent apy in usdc Learn how to access the spark products. Spark is on a mission to empower the usds ecosystem, as part of the sky ecosystem
Spark consists of three main product categories The usds and dai centric money market protocol Combining the best liquidity directly from sky and vertically integrating with the best defi protocols Earn savings on your stablecoin holdings
Spk is the native governance and staking token of spark
Spark is deployed across ethereum, arbitrum, base, optimism, unichain, and gnosis chain, managing over $3.5 billion in stablecoin. The spark liquidity layer (sll) automates liquidity provision of usds, susds, and usdc directly from sky across various blockchain networks and defi protocols
