SparkLend Growth Report - March 2024

Spark has launched its points leaderboard, allowing users to track their standings in the program. **Key Details:** - View rankings at [points.spark.fi](https://points.spark.fi/) - Users can start earning by saving through [app.spark.fi](https://app.spark.fi/) The leaderboard provides transparency for participants in Spark's points system, enabling them to monitor their progress and compare positions with other users in the DAI-centric ecosystem.

**Season 3 Deadline: April 12** Spark Points Season 3 is wrapping up on April 12, with current participation showing: - **~20,000 wallets** actively participating - **700B+ points** distributed to date This represents the final opportunity for users to accumulate points before the season concludes. Previous Season 2 data showed 425.8B points across 15,764 wallets before its conclusion. Participants can engage through [Spark's points platform](https://app.spark.fi/points).

Spark Savings USDC vaults have crossed the $1 billion mark, growing from $700 million in just one month. **Key Metrics:** - USDC vaults: $1B+ (up from $700M) - Total Spark Savings deposits: $4B+ - USDS savings deposits: $11.2B - Deposits via Spark: $3.9B The rapid growth demonstrates how liquidity consolidates into deeper infrastructure during market stress. Spark operates as transparent on-chain savings infrastructure, scaling in real time to meet demand. This milestone follows the recent addition of a USDT vault, which added over $250M in February deposits with a 3.5% APY.

Credora Network is hosting an educational session on Thursday at 3pm UTC focused on risk ratings in crypto. The discussion will cover: - Why risk ratings matter for retail investors - How institutional users benefit from risk assessments - Practical applications in DeFi decision-making Credora previously partnered with Redstone to bring independent risk ratings to Morpho, allowing vault curators to surface risks and help users make more informed choices. The session aims to demystify risk evaluation tools that are becoming increasingly important as DeFi matures and users seek better ways to assess protocol safety.

Spark Savings has integrated independent credit ratings from Credora Network directly into its product interface, allowing users to evaluate risk alongside yield. **Key Details:** - Six savings vaults now display credit ratings ranging from A+ to B+ - Probability of Significant Loss (PSL) ranges from 0.25% to 1.03% - Ratings use institutional-standard, model-driven methodology - Integration aims to help users compare risk profiles, not just APY returns The move addresses a common gap in DeFi where yield is prominently displayed but risk assessment tools are often absent. By embedding Credora's risk spectrum directly in the UI, Spark enables capital allocators to make more informed decisions based on both potential returns and associated risks.