Spark Dominates $10B Onchain Capital Allocator Market with $3B TVL

**Spark Savings ETH has seen significant deposit growth** following market turbulence in mid-April. **Key metrics:** - Deposits grew from 8,500 ETH to over 93,000 ETH since April 18 - Single-day peak of ~30,000 ETH deposited on April 23 - Growth represents more than 10x increase in less than three weeks The influx utilized existing yield infrastructure through the Spark Liquidity Layer, which provides real-time compounding returns. Users can deposit and withdraw ETH anytime without platform fees or slippage. This follows previous growth milestones, including Savings V2 surpassing $300M TVL in November, with raised caps across USDT (500M), USDC (500M), and ETH (100K). [Explore Spark Savings](https://app.spark.fi/savings/mainnet/speth)

**SparkLend is removing BTC efficiency mode** as part of ongoing risk management measures. **Key Timeline:** - **June 4**: BTC efficiency mode deprecated - **June 7**: Deadline to close positions - **June 8**: Remaining positions face forced liquidation **Who's Affected:** Users with positions borrowing cbBTC using LBTC or cbBTC as collateral must close their positions by June 7 to avoid liquidation. **What's Not Affected:** All other SparkLend markets and positions remain unchanged. **Action Required:** If you have an open BTC efficiency mode position, close it before June 7.

**SparkLend has achieved a significant milestone**, becoming the world's largest holder of wstETH (wrapped staked ETH). **Key developments:** - SparkLend now operates as the largest and most liquid venue for ETH looping strategies - The platform has enabled e-mode (efficiency mode) exclusively for wstETH collateral - Recent data shows ETH deposits have increased, with borrowing activity scaling proportionally - The platform maintains a "tightly coupled system" rather than idle liquidity **Technical approach:** SparkLend restricts high-leverage ETH borrowing to wstETH in e-mode, avoiding fragmented liquid restaking token (LRT) collateral. This focused structure appears to be driving the platform's growth in the ETH staking derivatives market. [View markets](https://app.spark.fi/markets)

**Spark's April Performance Defies Market Trends** Spark, the DAI-centric money market protocol, achieved record-breaking metrics in April despite ongoing volatility in the DeFi market. **Key Highlights:** - Multiple key metrics reached all-time highs - Performance maintained strong growth trajectory from previous months - Continued integration with top DeFi protocols The protocol's resilience demonstrates the strength of its vertical integration strategy and direct liquidity access from Maker. This marks another milestone in Spark's mission to empower the DAI ecosystem. [Read the full April recap](link)

SparkFi is set to make a significant announcement at Consensus Hong Kong on February 11, 2026. **Key Details:** - Hexonaut will deliver a keynote presentation - Panel discussion featuring Arkis, moderated by Henri Arslanian - Session described as "institutional-grade" - Event is a SparkFi-sponsored session at the major crypto conference The cryptic "Something big is coming" messaging suggests a major product launch or partnership announcement focused on institutional adoption. As a DAI-centric protocol within the MakerDAO ecosystem, SparkFi appears poised to unveil developments that could strengthen its position in institutional DeFi markets. Full agenda details available at [Consensus Hong Kong](https://consensus-hongkong.coindesk.com/agenda/event/-sparkfi-sponsored-session-82).