SparkLend

Spark has launched an improved swap page offering **1:1 stablecoin swaps** with zero platform fees and no slippage. **Key Features:** - Swap USDS, DAI, and USDC at fixed 1:1 rates - No platform fees (only gas costs) - No slippage regardless of swap amount **Two-Step Strategy for Large USDS Borrowing:** 1. Use ETH, wstETH, or cbBTC as collateral to borrow USDS at **5.54% rates** 2. Convert borrowed USDS to USDC via the new swap page The upgrade builds on Spark's existing PSM-powered stablecoin swap functionality, maintaining the same fee-free structure while improving user experience. [Try the new swap interface](https://app.spark.fi/swap)

**Spark launches new USDC vault** targeting blue-chip collateral like wstETH and cbBTC on Ethereum. The vault leverages Spark's **Liquidity Layer** to automatically allocate USDC across optimal lending opportunities on Morpho. **Key highlights:** - Spark operates two of the largest vaults with **$1B+ combined deposits** - Builds on existing Spark Savings and SparkLend offerings - Supports institutional adoption with cross-chain infrastructure The platform bridges traditional and decentralized finance, helping institutions access on-chain lending markets. [Access the vault](https://app.morpho.org/ethereum/vault/0x56A76b428244a50513ec81e225a293d128fd581D/spark-blue-chip-usdc-vault)

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 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.*

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

Spark Protocol has revealed its comprehensive infrastructure for yield generation and management. The system integrates: - Multiple stablecoins (USDS, sUSDS, sDAI, USDC) - SkyLink and CCTP bridge technologies - Active Liquidity Management (ALM) system The Sky Savings Rate (SSR) serves as the primary yield source for USDS, funded by: - Crypto-collateralized loan fees - Spark Liquidity Layer revenues - U.S. Treasury bill investments With projected annual revenue of $400M (Spark contributing $130M), the protocol aims to deliver sustainable yields through governance-controlled rates. This structure maintains stable borrowing rates across connected protocols. [Learn more about Spark's yield generation](https://messari.io/report/understanding-spark-a-comprehensive-overview)

The Spark Ignition Airdrop claiming period ends July 29, 2025, at 14:00 UTC. Eligible users can still: - Claim their SPK tokens - Stake tokens to enter Overdrive and earn unclaimed SPK - Double Overdrive units by depositing USDC/USDS Key opportunities available: - Supply USDS to earn SPK rewards - Stake SPK for additional rewards - Use Pendle to earn SPK & Pendle Points (Season 1 ends Aug 12) Claim at [app.spark.fi/SPK/airdrop](http://app.spark.fi/SPK/airdrop) *Time is running out - ensure you don't leave your tokens unclaimed.*

The Spark SNAPS campaign is reaching its conclusion on Tuesday, June 24. **Select participants will receive an airdrop** later that week, with eligibility determined by @cookiedotfun's participation metrics. In parallel news, @pendle_fi Points Season 1 continues until August 12, 2025. New participants can still join through the [Pendle Finance platform](https://app.pendle.finance/trade/pools/0xdace1121e10500e9e29d071f01593fd76b000f08). - SNAPS campaign ends: June 24 - Airdrop: Later that week - Pendle Points S1 ends: Aug 12, 2025 *Stay tuned for additional airdrop criteria details next week.*

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.

Spark Liquidity Layer has introduced $100 million in stablecoin liquidity to the Base network, marking a significant development in the ecosystem. This follows SwapBased's recent achievement of $58M in trading volume on Base. Key points: - $100M stablecoin liquidity now available on Base - SwapBased LPs enabled $58M+ trading volume - ~$130,000 annual trading fees at 100% APR - Integration opportunities available for developers This liquidity injection strengthens Base's DeFi infrastructure and provides enhanced trading opportunities for users. *Want to learn more about integration? Check the detailed documentation in the blog post.*