SparkLend

**Spark has joined the Ethereum Protocol Advocacy Alliance (EPAA)** as a founding member, alongside other major protocols like Lido. The EPAA aims to: - Bring the **builder perspective** to crypto policymaking - Counter the outsized influence of centralized actors in regulation - Provide a unified voice for decentralized protocols This alliance represents a significant step toward ensuring that **actual protocol builders** have input in shaping the regulatory landscape that affects the entire Ethereum ecosystem. The move signals growing coordination among DeFi protocols to engage proactively with policymakers rather than react to regulations after they're written.

**Spark achieved several all-time highs** during October while delivering important platform updates. The DAI-focused lending protocol continues its upward trajectory with significant milestones reached throughout the month. - Multiple ATH records broken - Key platform updates delivered - Strong momentum maintained Spark operates as a **DAI-centric money market protocol** that integrates liquidity from Maker with leading DeFi protocols. The October performance highlights Spark's growing adoption within the DAI ecosystem.

**New governance polls are now live** for Spark Protocol community members. **Key Details:** - Voting closes on November 6th, 2025 - SPK and stSPK token holders can participate - Multiple proposals available for voting **How to Participate:** - Cast your vote directly on active proposals - Delegate your voting power if preferred - Access all open polls through the governance portal [Vote on Open Polls](https://snapshot.box/#/s:sparkfi.eth/proposals) [Learn About Voting Process](https://docs.spark.fi/governance/) **Take action:** Review the proposals and make your voice heard in Spark's decentralized governance.

**Spark Savings has officially ended its soft launch period** and significantly increased deposit limits across all supported assets. **New deposit caps:** - USDT: 250M (up from previous limits) - USDC: 250M (up from $50M) - ETH: 50K ETH (up from 10K ETH) The platform offers **institutional-grade, non-custodial access** to real-time compounding growth. Users can deposit stablecoins or ETH and withdraw anytime in the same asset with **no fees or slippage**. This expansion comes after Spark Savings V2 reached over $120M in total deposits on its launch day, with the previous $50M USDC cap being reached in just three days. The service provides conservative yield generation primarily from lending against BTC, ETH, and LSTs/LRTs, while minimizing exposure to riskier assets like perpetual futures.

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.*