SparkLend

Spark Protocol continues its impressive growth trajectory in the DeFi space: - Current TVL approaching $4 billion - Ranks among top 10 DeFi protocols for monthly growth - Achieved +58.1% TVL increase in past month - Significant growth from $1B TVL milestone in November 2023 The protocol's consistent expansion demonstrates increasing adoption of DAI-centric lending services in the DeFi ecosystem.

Spark Protocol has increased its USDS liquidity deployment to Aave's Lido market by 24.9 million USDS, responding to heightened market activity. This follows a previous 25 million USDS deployment through the USDS Direct Deposit Module. Key points: - Total deployment now reaches ~50 million USDS - Current utilization rate exceeded 80% - 12.3 million USDS remains available for borrowing - Aims to enhance borrowing capacity and offer competitive rates For detailed information, visit the Sky Governance Forum.

SparkLend on Ethereum Mainnet continues to show significant growth in Q1 2024: - Total supplied assets reach **$5.86 billion** - Available liquidity stands at **$4.15 billion** - Borrowings total **$1.72 billion** Notable milestone: ETH/WETH becomes the third asset to surpass **$1 billion** in supplied value. This represents substantial growth from late 2023, when supplied assets were around $5 billion with $3.22 billion in liquidity. Visit the BA Labs dashboard for real-time metrics: spark.blockanalitica.com

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.