Spark's Milestone Week: Times Square, Grand Prix Winners & NFT Launch
Spark's Milestone Week: Times Square, Grand Prix Winners & NFT Launch
🌟 Times Square Meets DeFi
Spark achieved multiple milestones this week:
Tokenization Grand Prix Winners Announced:
- BlackRock/Securitize ($BUIDL)
- Superstate Funds ($USTB)
- Centrifuge-Anemoy ($JTRSY) Expected to add ~$1B in tokenized RWAs
Times Square Billboard Launch Major visibility milestone for both Spark and DeFi ecosystem
Honorary Grand Prix NFT Collection Complete collection minted within 2 hours of launch
Visit app.spark.fi to learn more.
Upcoming changes to Savings and SparkLend rates: • The Savings rate will decrease to 8.75%. • The USDS and DAI Borrow rate will decrease to ∼8.75%. These new rates will take effect on February 10 at 14:00 UTC.
Savings on @Base is reaching new highs in stablecoin velocity. Over $20 million is now earning a 12.5% rate, based on transparent, sustainable, and decentralized revenue.
No need to freak out, Spark has the answer. The yield source for USDS is the Sky Savings Rate (SSR). SSR enables any $USDS holder to save their stables with Spark & earn competitive yields. Here's how it works 👇
A week ago, it was just 20M—now it's over 40M and climbing. Savings on @Base is unstoppable.
Savings on @Base is reaching new highs in stablecoin velocity. Over $20 million is now earning a 12.5% rate, based on transparent, sustainable, and decentralized revenue.
A new look for the Savings page! A smoother, more intuitive way to deposit your stablecoins with just a few clicks. Start earning the 8.75% Savings rate today.
Savings on @base is growing at full speed. $60M is now earning the Savings rate with minimal gas fees and a seamless, reliable experience.
Update: Savings rate is now 6.5% Save your $USDC & $USDS with Spark and earn slippage free yields. Start here: app.spark.fi
The Sky Savings Rate is now at 6.5% Transparent, sustainable and resilient savings built for you.
Another week, but not just another week. In the last 7 days, Spark made it to Times Square, announced the winners of the Spark Tokenization Grand Prix, and launched an NFT collection. Needless to say, the week was a big one. Here's all about it ⤵️
New rates are live on SparkLend and Savings: • The Savings rate is now 8.75%. • The borrow rate for USDS and DAI is now 9.02%.
This week was big for Spark ⚡️ From hitting major milestones to launching new vaults, a lot happened. Here’s a quick recap of what went down 👇
Curve Finance and Spark Protocol Announce Strategic Partnership
Curve Finance and Spark Protocol have formalized a strategic partnership, marking a significant development in DeFi infrastructure. This collaboration follows Curve's earlier successful partnership with Inverse Finance. - The partnership aims to enhance DAI liquidity integration - Builds on Spark's position as a DAI-centric money market protocol - Leverages Curve's deep liquidity infrastructure This alliance represents a key step in expanding DeFi's institutional-grade infrastructure, particularly for DAI-focused markets.
Spark Savings Now Accepts USDT Deposits
Spark Savings has integrated USDT deposits, allowing users to earn yields directly without manual token swaps. The streamlined process takes approximately 60 seconds: - Visit [app.spark.fi](http://app.spark.fi) - Connect wallet on Ethereum Mainnet - Select USDS and click Deposit - Choose USDT from dropdown menu - Enter amount and set slippage - Approve deposit and conversion Users can earn competitive yields with instant USDT to USDS conversion. The platform offers simple withdrawals to USDC, USDS, or DAI.
USDS Markets on Pendle Finance Show Significant Growth
Pendle Finance's USDS markets experienced substantial growth, with approximately $15M added in just 3 days. This increase has pushed the total USDS TVL (Total Value Locked) to $66 million, marking a significant milestone for the platform. The growth trajectory has been notably strong, with TVL crossing $20M in a two-week period. - Current TVL: $66 million - Recent addition: ~$15M in 3 days - Platform growth: $20M+ in 2 weeks For real-time market data, visit [Pendle Finance USDS Markets](https://app.pendle.finance/trade/markets?search=usds)
Spark Launches as DeFi Capital Allocator
Spark has launched as a decentralized alternative to traditional banking, offering savings, borrowing, and lending services. Key features include: - User-focused yield distribution - Full transparency - Programmatic capital allocation across DeFi - No lockups or fees - Current stats: $3.95B TVL with 4.5% APY (6.25% 30-day average) The platform operates across Base, Arbitrum, and Ethereum networks, supporting $USDS and $USDC deposits through the Sky Savings Module. [Learn more at Spark.fi](http://spark.fi)
Spark Protocol Hosts Discussion on New Collateral Types
Spark Protocol is hosting a live discussion on Tuesday, March 25th about expanding their collateral options. The event features representatives from: - TheTNetwork - Lombard Finance - KelpDAO - Renzo Protocol The discussion will focus on integrating new assets into SparkLend: - rsETH - ezETH - tBTC - LBTC This follows their recent Spaces episode featuring discussions on cross-chain DeFi accessibility with leaders from Vaults.fyi and Phoenix Labs.