SparkLend made it through the weekend's market crash with no bad debt and relatively few liquidations I sense that many users are reassessing the risk of their positions, and this is a great opportunity to share what makes Spark an institutional grade defi protocol

Despite massive liquidations in the market, the total stablecoin market cap continues to rise. Spark Savings deposits have increased by more than $500M in the past week. Backed by blue chip assets, it offers predictable and stable APY returns.

Spark Savings now shows a real-time breakdown of all the collateral backing USDS. Verify, don't trust.

📈📈📈

Happy to have Morpho 🦋 join the EF DeFi deployment.

just want to note- like all other stablecoins on SparkLend, pyusd is borrowable but not usable as collateral. so anyone using SparkLend is not exposed to stablecoin depeg risks that being said, pyusd is fine and I have complete confidence in both PayPal and paxos teams

See a lot of over-reaction to the PYUSD incident. Wasn't great, but operational mistakes happen. I think many would be surprised at the frequency in TradFi. It's a wonder any of it works tbh.

USDS supply is trending upwards after falling from its peak last February Strong growth in both USDS and DAI

Still growing.

USDS supply just blew past 9 billion! 🚀🚀 USDS supply is now at the highest level it's been since April 2022! Stablecoin supercycle

Smart money is moving into Spark Savings. Why? Lending with Spark you are underwriting primarily onchain crypto lending against blue-chip assets such as BTC, ETH and LSTs/LRTs - low-risk DeFi. Even still, the 4.75% yield outperforms the market due to RWA integrations.

Spark Savings V2 has just gone live with support for USDC, USDT and ETH! Following the ADL event of Oct 10th, proper risk management is more essential than ever. Spark has limited exposure to perps and provides 4.75% APY primarily from lending against BTC, ETH and LSTs/LRTs.

It's interesting seeing the unwinding changes from projects built around leverage. Sky and Spark take a conservative approach which doesn't grab the headlines, but manages to compound every cycle. USDS market cap is approaching ATHs (10b) post mania.

Stablecoin composition on SparkLend has seen big changes over the past couple months. USDT and PYUSD have quickly become the dominant stablecoins on the platform, replacing USDS and DAI as both the 1st and 2nd most deposited and borrowed stablecoins on the platform. DAI, and

Another cycle ath for USDS + DAI supply today Shoutout to everyone with a plan

Superstate USCC enables access to the crypto basis trade via CME futures. Currently yielding around 9.26% APY. Excited to ramp this up.

👀

Spark Community Call | October 24th, 2 PM UTC x.com/i/broadcasts/1…

Completely agree this is needed. All lending should be rated by independent agencies to reduce systematic risk.

Spark spread on 3b above 1% again. Partially due to Base Rate reduction of 25bps, but also due to increased borrow demand on USDT market in SparkLend. SLL generating above 36m / year in net revenue.