SparkLendLarge legacy MakerDAO/Sky CDP position migrated to SparkLend
DeFiSaver flagged a major loan shift in which 1,448.5 ETH and 1.3M DAI were moved from a legacy Sky Ecosystem (MakerDAO) CDP to Spark in a single transaction. Spark shared the observation, underscoring continued migration of older CDP positions onto its lending stack.
- The transfer reflects borrowers consolidating legacy collateralized debt positions into Spark's modernized protocol rather than leaving them on the original Sky CDP.
- Spark's sharing of the DeFiSaver report points to the broader trend of legacy MakerDAO positions being folded into the Sky/Spark ecosystem.
SparkLend
Spark is on a mission to empower the DAI ecosystem. As part of the MakerDAO community.
SparkLend: The DAI centric money market protocol. Combining the best liquidity directly from Maker and vertically integrating with the best DeFi protocols.
