SparkLend

**Spark Savings ETH has seen significant deposit growth** following market turbulence in mid-April. **Key metrics:** - Deposits grew from 8,500 ETH to over 93,000 ETH since April 18 - Single-day peak of ~30,000 ETH deposited on April 23 - Growth represents more than 10x increase in less than three weeks The influx utilized existing yield infrastructure through the Spark Liquidity Layer, which provides real-time compounding returns. Users can deposit and withdraw ETH anytime without platform fees or slippage. This follows previous growth milestones, including Savings V2 surpassing $300M TVL in November, with raised caps across USDT (500M), USDC (500M), and ETH (100K). [Explore Spark Savings](https://app.spark.fi/savings/mainnet/speth)

**SparkLend is removing BTC efficiency mode** as part of ongoing risk management measures. **Key Timeline:** - **June 4**: BTC efficiency mode deprecated - **June 7**: Deadline to close positions - **June 8**: Remaining positions face forced liquidation **Who's Affected:** Users with positions borrowing cbBTC using LBTC or cbBTC as collateral must close their positions by June 7 to avoid liquidation. **What's Not Affected:** All other SparkLend markets and positions remain unchanged. **Action Required:** If you have an open BTC efficiency mode position, close it before June 7.

**SparkLend has achieved a significant milestone**, becoming the world's largest holder of wstETH (wrapped staked ETH). **Key developments:** - SparkLend now operates as the largest and most liquid venue for ETH looping strategies - The platform has enabled e-mode (efficiency mode) exclusively for wstETH collateral - Recent data shows ETH deposits have increased, with borrowing activity scaling proportionally - The platform maintains a "tightly coupled system" rather than idle liquidity **Technical approach:** SparkLend restricts high-leverage ETH borrowing to wstETH in e-mode, avoiding fragmented liquid restaking token (LRT) collateral. This focused structure appears to be driving the platform's growth in the ETH staking derivatives market. [View markets](https://app.spark.fi/markets)

**Spark's April Performance Defies Market Trends** Spark, the DAI-centric money market protocol, achieved record-breaking metrics in April despite ongoing volatility in the DeFi market. **Key Highlights:** - Multiple key metrics reached all-time highs - Performance maintained strong growth trajectory from previous months - Continued integration with top DeFi protocols The protocol's resilience demonstrates the strength of its vertical integration strategy and direct liquidity access from Maker. This marks another milestone in Spark's mission to empower the DAI ecosystem. [Read the full April recap](link)

SparkFi is set to make a significant announcement at Consensus Hong Kong on February 11, 2026. **Key Details:** - Hexonaut will deliver a keynote presentation - Panel discussion featuring Arkis, moderated by Henri Arslanian - Session described as "institutional-grade" - Event is a SparkFi-sponsored session at the major crypto conference The cryptic "Something big is coming" messaging suggests a major product launch or partnership announcement focused on institutional adoption. As a DAI-centric protocol within the MakerDAO ecosystem, SparkFi appears poised to unveil developments that could strengthen its position in institutional DeFi markets. Full agenda details available at [Consensus Hong Kong](https://consensus-hongkong.coindesk.com/agenda/event/-sparkfi-sponsored-session-82).

**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.

**Spark Season 2 ending soon** - only two weeks remaining to accumulate points. Current stats: - **425+ billion points** distributed - **15,764 active wallets** participating This is your **final opportunity** to stack points before Season 2 concludes. [Start earning points now](https://app.spark.fi/points)

The onchain capital allocator market has experienced explosive growth, expanding from $111M to **$10B in total value locked (TVL)** over the past 18 months. **Spark leads the market** across all chains with over $3B in TVL, demonstrating what institutional-grade DeFi protocols can achieve. This represents a **90x growth** in the overall market, highlighting the increasing adoption of onchain capital allocation solutions by institutional and retail users alike. The rapid expansion showcases the maturation of DeFi infrastructure and growing confidence in onchain financial products.

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)*