Spark
SPKRank #331Data provided by CoinGecko
Performance
About Spark
Spark is an onchain capital allocator that moves capital across decentralized finance (DeFi), centralized finance (CeFi) and real-world assets. SPK is its governance token, and holders use it to vote on the protocol.
The Spark Liquidity Layer works behind the scenes to direct liquidity toward other protocols, including Aave, Morpho and real-world assets. It supplies steady stablecoin liquidity to SparkLend, Spark's stablecoin lending market, which is why the interest rates there do not move with use. Those rates are set by governance.
- Network
- Ethereum token
- Category
- DeFi
- Max supply
- 10.00B SPK
Spark news
All newsSpark FAQ
According to the team, Spark was built to address three weaknesses in DeFi: liquidity spread thin, yields that shift, and stablecoin funds sitting unused.
With Spark Savings, a user's stablecoins are swapped for yield-earning sUSDS or sUSDC tokens.
