Spark
ClaimSpark is a decentralized finance platform that allocates institutional capital across savings, lending, and liquidity products built on the Sky ecosystem.
Key numbers · TVL $5.8B · per DefiLlama · updated Sep 23
Overview
Spark operates savings vaults, on-chain credit markets, and institutional lending products for institutions, stablecoin issuers, custodians, and fintechs. Users can deposit stablecoins such as USDC, USDT, PYUSD, USDS, and ETH to earn yield, or borrow against digital asset collateral through SparkLend and isolated markets. The platform also provides liquidity infrastructure that third parties can integrate into their own products. Spark reports a total TVL of $8.72B+, with $5.13B in savings and $5.51B in borrowing.
Recent activity
PayPal taps Spark to boost PYUSD liquidity by $1B through DeFi lending.
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Anchorage now unlocks onchain lending using off-chain collateral via Spark.
Spark taps BitGo to expand institutional access to stablecoin infrastructure
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Spark reports SparkLend TVL of $5.33B
Building stablecoin FX market with Uniswap for banks and fintechs
Reports Total TVL of $8.72B+
Partnered with BitGo to expand institutional access to stablecoin infrastructure
Reports Savings TVL of $5.13B
Spark taps BitGo to expand institutional access to stablecoin infrastructure
PayPal and Spark partner to grow PYUSD by $1 billion.
1 more from this post
Spark Liquidity Layer powers Coinbase loans.