Spark (SPK)
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About SPK
Spark is an on-chain capital allocator that automatically deploys stablecoin reserves across DeFi, CeFi, and real-world assets to generate stable yields. It issues fully composable yield tokens (sUSDS, sUSDC) that represent a user’s share of the aggregated yield, all governance-fee-free. Built on Ethereum and multi-chain, Spark offers predictable, governance-set lending rates (SparkLend), automated savings vaults (Spark Savings), a backend capital router (Spark Liquidity Layer), and real-time analytics (Spark Data Hub), verified through security audits and protected via bug bounties.
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Frequently Asked Questions about Spark
What is the Spark (SPK) token?
SPK is Spark’s ERC-20 governance and staking token. Holders can stake SPK to secure the protocol, vote on parameter changes, and earn future reward distributions aligned with long-term network health.
How do sUSDS and sUSDC work?
sUSDS/sUSDC are fully transferable yield tokens minted by depositing USDS or USDC into Spark Savings vaults. They automatically accrue conservative yields from the aggregated capital allocator while remaining composable in DeFi.
What is SparkLend?
SparkLend is an open-source stablecoin lending market with governance-defined borrow and supply caps. It leverages the Spark Liquidity Layer to source liquidity from top DeFi and RWA protocols to back loans.
What role does the Spark Liquidity Layer (SLL) play?
SLL is the backend allocator that routes deposits into liquidity providers and real-world asset managers, such as Aave, Morpho, and Spark's institutional partners, ensuring capital is always earning optimal, risk-adjusted yield.
What is the Spark Data Hub?
The Spark Data Hub is a real-time analytics dashboard showing savings rates, lending activity, vault performance, and airdrop stats, providing transparency into all of Spark’s on-chain operations.
How can I participate in governance?
Stake SPK to receive voting power, then cast votes on protocol proposals, such as adjusting SparkLend borrow or supply cap, assigning Risk Admins, or rebalancing asset allocations - all directly on the Spark governance portal.
Where can I trade SPK?
SPK is available on major exchanges such as Binance, Gate, OKX, Crypto.com, and Bithumb, with high liquidity on the SPK/USDT pair.
Which wallets support SPK and yield tokens?
SPK, sUSDS, and sUSDC are standard ERC-20 tokens. Use Bitcoin.com Wallet, MetaMask, Trust Wallet, Coinbase Wallet, or hardware wallets like Ledger and Trezor to store and interact with them.
What benefits do users gain from Spark?
Users earn stable, predictable yields without managing individual protocols, maintain composability across DeFi, participate in governance, and benefit from a secure multi-chain capital allocator.