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Spark Protocol

Credit · Lending · SPK

NetworkCreditLending3 coinsVerified

Spark is a lending system built mainly around stablecoin liquidity, borrowing and yield (SparkLend + Spark Savings), routing USDS/DAI liquidity from the Sky/Maker ecosystem at scale.

Stablecoin-native credit stack tied to the Sky/Maker ecosystem.

Protocol TVL

$4.56B

+0.5% 24h

Latest data · 15 min delay

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Risks identified

  • Smart Contract

    Upgradeable or complex lending logic can fail under edge-case liquidations or parameter misconfiguration.

  • Oracle

    Stale or manipulated price feeds impair collateral valuation and liquidations.

  • Collateral

    Correlated collateral drawdowns or listing errors can create bad debt in money markets.

  • Liquidity

    Thin borrow/supply depth impairs exits and liquidations during market stress.

  • Governance

    Parameter changes, listings, and emissions are controlled by token holders or delegates.

  • Stablecoin

    Heavy reliance on USDS/DAI peg and Sky governance for core liquidity rails.

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