SparkLend Performance Update on Gnosis Chain Mainnet
SparkLend Performance Update on Gnosis Chain Mainnet
SparkLend continues its growth on Gnosis Chain Mainnet, with supplied assets reaching almost $5.65 billion and borrowings at ~$1.69 billion. Available liquidity is nearly at $4 billion. On the Gnosis Chain, total assets supplied are at ~$60.38 million, borrowings at ~$6.61 million, and available liquidity at ~$53.77 million.
SparkLend keeps the momentum going, here’s the performance for the past week: Mainnet 🔷 • Supplied assets are almost $1 billion up from last week, currently at ~$5.65 billion. • Borrowings stand at ~$1.69 billion. • Available liquidity sits at nearly $4 billion, currently
Spark's numbers keep growing, here's a recap of last week's performance: Mainnet 🔷: • Total supplied assets are steadily moving towards the $5 billion mark, currently sitting at ~$4.78 billion. • Borrowings are also keeping up, currently standing at ~$1.44 billion. •
SparkLend hits $50M in assets supplied on @gnosischain, fueled by a supportive community and ~$1.47 million inflows in the last 24 hours. Let’s keep the momentum going ⚡️
Gnosis Chain Expands Beyond USD with Local Currency Stablecoins
**Gnosis Chain is positioning itself as the go-to platform for local currency stablecoins**, moving beyond the USD-dominated crypto landscape. - The network recently launched **ZARP**, a South African Rand-pegged stablecoin from Inves Capital - Users can now onramp and offramp ZARP directly on Gnosis Chain - This represents part of Gnosis's broader strategy to support **diverse regional currencies** The move addresses a key gap in DeFi, where most stablecoins are pegged to USD. By supporting local currencies, Gnosis Chain enables: - **Reduced currency conversion costs** for non-USD users - Better **financial inclusion** in emerging markets - More **accessible DeFi** for global communities This expansion could make Gnosis Chain particularly attractive to users in regions with strong local currencies or those seeking to avoid USD exposure in their DeFi activities.
Nethermind Client Validators Must Update to Latest Version
**Critical Update Required** All validators running the Nethermind client need to update to the latest version immediately. This follows previous incidents where Nethermind bugs caused validator outages. **Key Points:** - Urgent update advisory issued for Nethermind validators - Previous Nethermind issues have caused multi-hour validator downtime - Client diversity remains a concern for network resilience **Action Required:** Validators should prioritize updating their Nethermind client software to avoid potential service disruptions.
Spark Finance Airdrop Now Live for Gnosis Users
The Spark Finance ($SPK) airdrop is now available for eligible Gnosis Chain users. Qualification criteria: - SparkLend deposits of $100+ before April 15, 2025 - Holding 1,000+ xDAI on Gnosis Chain by April 15, 2025 - $5,000+ in stablecoin deposits on Aave (Gnosis Chain) by March 15, 2025 Claims can be made at [app.spark.fi/SPK/airdrop](http://app.spark.fi/SPK/airdrop) Check your eligibility and claim your tokens now.
Crypto Solving Real Financial Challenges
Recent developments highlight practical applications of cryptocurrency in everyday financial transactions: - Real-world implementation demonstrated by @functi0nZer0 showcases crypto's ability to address concrete financial challenges - Gnosis Pay partnership with @monerium enables seamless transition between on-chain and real-world transactions - Users can now easily move and spend digital assets in everyday situations *Key Innovation*: Bridge between traditional finance and crypto becoming more accessible and practical.
Gnosis Team Announces Packed Schedule for Devcon Week in Bangkok
The Gnosis Chain team has arrived in Bangkok for Devcon and related events. Key highlights include: - **Devconflict Forum** (Nov 9-10): Open discussions on Ethereum's challenges - **Notable Talks**: • Koeppelmann on Why Gnosis Chain isn't an L2 • SCBuergel's fireside chat with Vitalik Buterin • Gnosis AI team workshop on Prediction Markets - **Multiple Venues**: Team members will be present at ETHGlobal Bangkok, Pragma, Oracle Summit, and various ecosystem events *Developers can participate in the ETHGlobal Bangkok Hackathon to build cross-chain apps and DeFi solutions on Gnosis Chain.*