Spark has discontinued RED rewards on the cbBTC market as of today, marking a strategic shift in their incentive structure.
Key Changes:
- RED rewards on cbBTC market officially ended
- RED rewards may return on other markets in the future
- OP rewards continue uninterrupted to maintain user incentives
Spark emphasizes this change is part of ongoing strategic adjustments aimed at enhancing platform reliability and optimization.
What This Means: Users can still earn rewards through the OP program without any disruption to their current earning potential.
For complete details on OP rewards structure and eligibility, users should consult the official Spark documentation.
Spark Notice: As of today RED rewards on the cbBTC market has ended. RED rewards may be activated elsewhere in the future. Spark users can still earn OP rewards without interruption to preserve ongoing incentives. Spark focus remains on strategic adjustments for enhanced
Spark Deploys Enhanced Swap Interface
Spark has launched an improved swap page offering **1:1 stablecoin swaps** with zero platform fees and no slippage. **Key Features:** - Swap USDS, DAI, and USDC at fixed 1:1 rates - No platform fees (only gas costs) - No slippage regardless of swap amount **Two-Step Strategy for Large USDS Borrowing:** 1. Use ETH, wstETH, or cbBTC as collateral to borrow USDS at **5.54% rates** 2. Convert borrowed USDS to USDC via the new swap page The upgrade builds on Spark's existing PSM-powered stablecoin swap functionality, maintaining the same fee-free structure while improving user experience. [Try the new swap interface](https://app.spark.fi/swap)
Spark Launches Blue-Chip USDC Vault on Ethereum
**Spark launches new USDC vault** targeting blue-chip collateral like wstETH and cbBTC on Ethereum. The vault leverages Spark's **Liquidity Layer** to automatically allocate USDC across optimal lending opportunities on Morpho. **Key highlights:** - Spark operates two of the largest vaults with **$1B+ combined deposits** - Builds on existing Spark Savings and SparkLend offerings - Supports institutional adoption with cross-chain infrastructure The platform bridges traditional and decentralized finance, helping institutions access on-chain lending markets. [Access the vault](https://app.morpho.org/ethereum/vault/0x56A76b428244a50513ec81e225a293d128fd581D/spark-blue-chip-usdc-vault)
Last Call for Pendle Points Season 1

Final week to participate in Pendle Points Season 1, ending August 12, 2025. - Earn points by simply holding YT/PT-USDS positions on Pendle - No additional steps required - Access through [Spark.fi](https://app.spark.fi/points) or [Pendle Finance](https://app.pendle.finance/trade/pools/0xdace1121e10500e9e29d071f01593fd76b000f08) *Note: This crypto-asset marketing communication has not been reviewed by EU authorities. For official documentation, visit [spark.fi/mica](http://spark.fi/mica)*
Spark Protocol Announces Multiple DeFi Earning Opportunities

Spark Protocol introduces three ways to earn yields in 2025: - **SPK Farm**: Users can supply USDS to earn SPK token rewards - **SPK Staking**: Participants stake SPK tokens to earn points and future protocol rewards - **Pendle Campaign**: Holders of PT/YT-USDS earn Spark Points (campaign ends August 12) All features are accessible through [Spark's app interface](http://app.spark.fi). For detailed information and documentation, visit [Spark's MICA page](http://spark.fi/mica). *Note: This offering has not been reviewed by EU regulatory authorities.*
Spark Positions Itself as Alternative to Traditional Banking

Traditional banking systems continue to face criticism for: - Requiring permissions for personal fund access - Lacking default transparency - Operating with user value extraction models Spark emerges as a decentralized alternative, aiming to address these limitations in traditional banking infrastructure. The protocol integrates with the DAI ecosystem to provide permissionless financial services. *Key Differentiators*: - Direct user control over funds - Default transparency - User-centric value model - Decentralized architecture