Overdrive & Pendle Points Season 1 Conclude, Season 2 Launches
Overdrive & Pendle Points Season 1 Conclude, Season 2 Launches
🔄 Last Call for Points
Two major DeFi programs are concluding:
- Overdrive ends Aug 11, 2PM UTC with claiming starting tomorrow
- Pendle Points S1 closes Aug 12, 2PM UTC after distributing 700B+ Points
Season 2 launches with enhanced features:
- 10% loyalty boost available
- Must stake within 24 hours to qualify
- Expanded point-earning opportunities
Important Dates:
- Aug 11: Overdrive ends
- Aug 12: Pendle S1 ends
- Aug 13: Season 2 begins
Full details on Season 2 to be announced tomorrow.
Spark isn’t just growing, it’s compounding. In the last 12 months: - TVL almost doubled - SLL allocations jumped from $1.3B to $3.6B - Sky’s DAI lending increased 9.6x What’s driving this growth? It’s SLL, powered by you. Have a look 👇
“Modular lending infrastructure is a big part of the future.” And Spark + Morpho are building that future. Spark brings the capital and @MorphoLabs brings the engine - making DeFi lending faster, smarter, and more composable. How? Dive in: mirror.xyz/0x52A8305f29f8…
🚨 Breaking News: Overdrive & Pendle Points S1 are ending. As of Aug 11, 2 PM UTC, Overdrive has concluded, with claiming set to begin tomorrow. @pendle_fi Points S1 closes on Aug 12, 2 PM UTC, distributing 700B+ Points & kicking off S2. Keep reading to know why it matters 👇
Banks wouldn't help, so Spark did. Someone was able to buy a house using a BTC-backed loan. No speculation. No hype. Just crypto delivering real value to real people. Powered by Spark, through @MorphoLabs and @coinbase.
24 hours before it’s too late ⏳ Spark Ignition Airdrop claiming ends July 29, 2025 - 14:00 UTC If you are eligible and haven’t claimed yet, this is your last chance. Claim now: app.spark.fi/SPK/airdrop
.@Coinbase's BTC-backed loans are powered by Spark with $600M+ USDC already deployed. Through @MorphoLabs, Spark supplies USDC liquidity onchain with Coinbase, which serves the frontend. Here's what powering DeFi infrastructure looks like: mirror.xyz/0x52A8305f29f8…
Spark's been shipping hard. ICYMI, here's what you need to pay attention to: • SPK Farm: Supply USDS, earn SPK • Overdrive: Boost your airdrop rewards. • USDS (SPK Farm) Pool: SPK APY for Staking SPK • @pendle_fi Points: Earn points for holding USDS Dive in ⬇️
Here’s what Spark infra looks like: Mint → Bridge → Deploy → Earn Yield USDS, sUSDS, sDAI, and USDC flow through SkyLink, CCTP, and Spark’s ALM system to earn, rebalance, and sustain the Sky Savings Rate. DeFi is no longer passive.
Lending is heating up. Real-world demand is here. @Hexonaut (Co-Founder and CEO of Phoenix Labs) sat down with @MerlinEgalite (Co-Founder of @MorphoLabs) to discuss: - What Ignition + Overdrive means for Morpho users - Why the cbBTC (@coinbase) lending market is exploding - How
Spark is the liquidity layer powering the @coinbase crypto-backed loans. Spark Vault on Morpho on @base: - $582M+ in deposits - $65M+ in liquidity - A 9.92% APY
You can't take a loan without a lender. @sparkdotfi is a key capital allocator that provides liquidity on Morpho so that @coinbase users can get loans against their bitcoin.
2 weeks. That's all you have. To claim your Ignition Airdrop and stake it to enter Overdrive for a share of the unclaimed SPK. █████████ SPK still remains unclaimed. Don’t miss out. Here's what you need to do 👇
Spark = Maximized capital efficiency. Spark = Real yield on stablecoins. Spark = Liquidity that powers DeFi. Spark ≠ a bank. Spark. ONCHAIN CAPITAL ALLOCATOR.
Hold YT/PT-USDS on Pendle. Earn points. That’s it. No extra steps. Season 1 ends in 7 days, last chance to stack before it’s over. Start here: app.spark.fi/points
Spark + @coinbase + @MorphoLabs = seamless BTC-backed lending. How does it work? Here’s @MerlinEgalite, Co-founder of Morpho Labs, breaking it down 👇
Spark ≠ a bank. So what is it? It’s DeFi’s ONCHAIN CAPITAL ALLOCATOR - allocating billions, optimizing yields, and sustaining onchain lending. Here's the TL;DR of @MessariCrypto's breakdown 👇
You either joined Ignition or you missed out. As of July 29, 2 PM UTC, Ignition claiming has officially ended. If you staked your Ignition SPK, you might be eligible for a share of the unclaimed SPK airdrop with Overdrive. Overdrive claiming begins: Aug 12, 2 PM UTC
Spark: 24/7 DeFi Capital Allocator Tackles Market Inefficiencies
Spark operates continuously to address key challenges in DeFi: fragmented liquidity, inefficient capital allocation, and poor user experience. The protocol automatically distributes capital across chains, protocols, and markets to: - Enhance liquidity depth - Stabilize lending/borrowing rates - Optimize stablecoin yields Unlike traditional banking systems that operate on limited hours, Spark works around the clock to deliver improved APYs and reduced friction through programmatic capital allocation. Learn more at [app.spark.fi](http://app.spark.fi)
Spark Launches Permissionless Banking Alternative
Spark introduces a decentralized financial system that addresses key user pain points in traditional banking: - **No Permission Required**: Direct control over your funds - **24/7 Availability**: System never sleeps - **Full Yield Returns**: No yield skimming - **Minimal Fees**: Not designed for value extraction The platform offers stable coin yields without lockups or traditional banking constraints. Users can access these features through [Spark's platform](http://app.spark.fi). The system represents a shift from conventional banking where users face restricted access, limited transparency, and value extraction.
Spark Launches Revenue Reporting System Upgrade
Spark has implemented a significant upgrade to its revenue reporting infrastructure. Key Updates: - New revenue reporting system deployment - Live explanation session scheduled - @hexonaut to host Spark Spaces #12 **Event Details:** - Date: August 7 - Time: 4:30 PM UTC - Platform: Spark Spaces Join the live session to understand the system changes and their implications for users.
Spark Achieves Full Autonomy as SubDAO Under Sky Ecosystem
Spark has achieved a significant milestone by becoming fully autonomous as a subDAO within the Sky ecosystem. The protocol now independently: - Governs its operations - Manages capital deployment - Provides live revenue reporting This development represents a key advancement toward greater transparency and scalability in DeFi. The new structure and financial reporting details were shared by Phoenix Labs CEO @hexonaut. *Recent Background*: Earlier this year, Spark launched successful USDC vaults across Arbitrum, Base, and Ethereum mainnet, with sUSDS supply exceeding $10M on Arbitrum within 10 days of launch.