SparkLend Growth Report - March 2024

Spark Savings V2, which launched in October, has been featured in a recent Bloomberg article highlighting top low-risk DeFi vaults. **Key Points:** - The vault is now recognized among leading low-risk options in the DeFi space - Available through multiple platforms including [DeFi Saver](https://defisaver.com) - Accessible via the Smart Savings dashboard alongside other yield-earning options Spark Savings V2 offers DAI-focused yield opportunities through its integration with the Maker ecosystem and other DeFi protocols.

Spark Protocol has released its Q4 2025 financial report, showing strong performance across its product suite. **Key Financial Metrics:** - $53.01M gross revenue - $19.2M gross profit - $12.12M net profit **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 report includes detailed profit and loss statements and consolidated balance sheets, demonstrating continued growth from Q3's performance. [Read the full financial report](https://paragraph.com/@spark-11/spark-q4-2025-financial-report?referrer=0xA45F1D29943D19dff604133287047a35ccbADc8a)

Spark has increased capacity limits across its savings vaults to accommodate growing demand: - **USDC on Ethereum**: $1 billion - **USDC on Avalanche**: $500 million - **ETH on Ethereum**: 250,000 ETH The platform provides non-custodial access to yield-generating vaults with real-time compounding. Users can deposit and withdraw stablecoins or ETH without fees or slippage. This follows previous growth milestones, including Savings V2 surpassing $300M in total value locked last November.

**sUSDS has emerged as the fastest growing asset** within Spark Savings, driving significant growth across the platform. **Key Metrics:** - Total Value Locked (TVL) has **surpassed $4.1 billion** - Platform is hitting **new all-time highs daily** - Represents massive growth from previous milestones **Recent Growth Context:** - Savings V2 TVL previously reached $300M in November - Caps were raised to accommodate demand: USDT 500M, USDC 500M, ETH 100K - Spark now leads across all chains with +$3B in TVL **Platform Features:** - Institutional-grade, non-custodial access - Real-time compounding growth - No platform fees or slippage - Deposit stablecoins or ETH, withdraw anytime in same asset The rapid adoption of sUSDS demonstrates growing institutional and retail demand for yield-generating stablecoin products in the DeFi space.

**Spark achieved multiple all-time highs** during November while delivering significant platform updates. The DAI-centric money market protocol continues its growth trajectory, building on previous monthly successes. Key developments included: - Multiple ATH milestones reached - Important platform updates delivered - Continued integration with top DeFi protocols Spark combines **premium liquidity from Maker** with vertical integration across leading DeFi platforms, strengthening the DAI ecosystem.