Spark Savings Exits Soft Launch with 5x Higher Deposit Caps
Spark Savings Exits Soft Launch with 5x Higher Deposit Caps
🚀 Caps Raised 5x
Spark Savings has officially ended its soft launch period and significantly increased deposit limits across all supported assets.
New deposit caps:
- USDT: 250M (up from previous limits)
- USDC: 250M (up from $50M)
- ETH: 50K ETH (up from 10K ETH)
The platform offers institutional-grade, non-custodial access to real-time compounding growth. Users can deposit stablecoins or ETH and withdraw anytime in the same asset with no fees or slippage.
This expansion comes after Spark Savings V2 reached over $120M in total deposits on its launch day, with the previous $50M USDC cap being reached in just three days.
The service provides conservative yield generation primarily from lending against BTC, ETH, and LSTs/LRTs, while minimizing exposure to riskier assets like perpetual futures.
Spark Savings V2 has just gone live with support for USDC, USDT and ETH! Following the ADL event of Oct 10th, proper risk management is more essential than ever. Spark has limited exposure to perps and provides 4.75% APY primarily from lending against BTC, ETH and LSTs/LRTs.
The soft launch period is over. Caps have been raised: USDT -> 250M USDC -> 250M ETH -> 50K ETH Spark Savings offers institutional-grade, non-custodial access to real-time compounding growth. Deposit stablecoins or ETH and withdraw anytime in the same asset: with no fees or
spUSDC reached a total supply value of ~$50M in just 5 days. Deposit cap was reached in just three days. ⚡️ (Source: dune.com/sparkdotfi/spa…)
Spark Savings V2 reached +120M in total deposits on the launch day. ⚡️ Holding spUSDC/spUSDT/spETH now earns points in Spark Points Season 2. Please note deposit caps will be raised on Monday! - spUSDC/spUSDT: $50M → $250M - spETH: 10K ETH → 50K ETH
Spark Reports $53M Q3 Revenue with $12.1M Net Profit
**Spark Protocol released its Q3 2024 financial results**, showing strong performance across multiple revenue streams. **Key Financial Metrics:** - Gross revenue: $53.01M - Gross profit: $19.2M - Net profit: $12.12M **Revenue Sources:** - **Spark Liquidity Layer (SLL)**: Earns spread between investment yields and capital costs - **SparkLend**: Collects reserve factors on borrower interest - **Market Curation**: Performance fees from Morpho vaults - **USDS Distribution**: 0.6% accessibility reward from Sky - **Treasury Management**: Yield from Sky's savings rate The protocol currently generates $379.7M in annualized revenue for Sky ecosystem. Spark's Liquidity Layer provides infrastructure supporting deployments across Aave, Morpho, Ethena, and Pendle on Ethereum. [Read the full financial report](https://mirror.xyz/0x52A8305f29f85bEc5fa6eE78B87Ddd2218d8E12E/R7hSngPkZoULGaiPFliXzIEb0sRiDwX4yVpMKXu_6JM)
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