Spark is a decentralized platform designed to optimize stablecoin yield and liquidity across various networks and DeFi protocols. Its key products include Spark Savings, Spark Liquidity Layer, and SparkLend, each addressing different aspects of the stablecoin ecosystem. Spark Savings allows stablecoin holders to earn a high, risk-adjusted yield by depositing USDS or USDC into the Sky Savings Rate (SSR), a system that automatically accrues interest. Spark Liquidity Layer (SLL) automates liquidity provision, bridging USDS, sUSDS, and USDC across multiple chains to provide easy access to stablecoin yield while ensuring liquidity across DeFi markets.
SparkLend serves as a lending market that focuses on USDS borrowing, leveraging liquidity sourced directly from the Sky Protocol to offer competitive borrowing rates. Together, these products create a robust, cross-chain ecosystem for stablecoin users, enabling them to earn interest, lend, or borrow with minimal friction and no slippage. The core goal is to offer the best risk-adjusted yield across the DeFi space while maintaining liquidity and stability through automated systems and governance oversight.
The Spark ecosystem is powered by the Sky Protocol and governed by the Sky Governance system, ensuring that liquidity and funds are managed securely and in line with the protocol’s strategic objectives. With features like the Spark PSM for cross-chain swaps and automated liquidity management, Spark enables seamless interaction between users and DeFi protocols on multiple blockchains, providing users with the most efficient and scalable stablecoin ecosystem.
