USDS Reaches 100 Million Supply Milestone on Aave v3
USDS Reaches 100 Million Supply Milestone on Aave v3
🚀 USDS hits 9 figures
Two weeks post-launch, USDS deposits on Aave v3 have hit 100 million. This milestone means:
- 100 million USDS now earning both USDS and SPK rewards
- Borrow cap not yet reached
- Users can borrow USDS at scale on Aave v3
Recent developments:
- Supply cap increased to 100 million on Aave's Ethereum market
- 50 million USDS deployed as direct liquidity from Sky to Aave's Lido market
- 25 million USDS deployed via USDS Direct Deposit Module
These moves aim to boost borrowing capacity and offer competitive rates for large-scale borrowing on Aave.
For more information on USDS supply and rewards, visit Aave v3.
Spark Launches Revenue Reporting System Upgrade
Spark has implemented a significant upgrade to its revenue reporting infrastructure. Key Updates: - New revenue reporting system deployment - Live explanation session scheduled - @hexonaut to host Spark Spaces #12 **Event Details**: - Date: August 7 - Time: 4:30 PM UTC - Focus: Detailed breakdown of system changes Join the live session to understand the technical improvements and their implications for the platform.
Spark Achieves Full Autonomy as SubDAO Under Sky Ecosystem
Spark has achieved a significant milestone by becoming fully autonomous as a subDAO within the Sky ecosystem. The protocol now independently: - Governs its operations - Manages capital deployment - Provides live revenue reporting This development represents a key advancement toward greater transparency and scalability in DeFi. The new structure and financial reporting details were shared by Phoenix Labs CEO @hexonaut. *Recent Background*: Earlier this year, Spark launched successful USDC vaults across Arbitrum, Base, and Ethereum mainnet, with sUSDS supply exceeding $10M on Arbitrum within 10 days of launch.
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