Spark

/spark32

All things related to Spark. https://spark.fi/

The Spark Night brought together the brightest minds in DeFi at EthCC

Relive the best moments here → https://x.com/sparkdotfi/status/1814003858902843802

Thank you to everyone who joined.

Until next time! ⚡️
Announcing the Spark Tokenization Grand Prix, an open competition to onboard $1 billion in tokenized real-world assets to MakerDAO.

The Grand Prix is open to all innovators and issuers interested in competing to shape the future of tokenized public securities and their place in decentralized finance.

More info → https://x.com/sparkdotfi/status/1811489084583379251
The Spark Night has started! ⚡
2 days until The Spark Night.

See you there ↓
https://lu.ma/hxtemqm9
Tokenized RWAs Flow: A New Era

In The Spark Night’s second panel Martin Carrica, Lucas Vogelsang and Mark will discuss Real-World Assets. They will explore the challenges these innovative products face and their role in propelling DeFi to new heights.
Liquid Sessions: The Current Lending Market Landscape

In the first panel of the night, Marc Zeller, Michael Bentley, Monet Supply, and Paul Frambot will discuss the evolving opportunities and challenges within the crucial sector of the DeFi ecosystem.

Get ready for an insightful session ⚡️
The Spark Night is coming ⚡

Be part of an exclusive side event during EthCC week, featuring the brightest minds in DeFi.

Check Spark's latest tweet for more info ↓

https://x.com/sparkdotfi/status/1808146765637456036
New updates proposed to Spark's MetaMorpho Vault and SparkLend ⚡️

A new MakerDAO Executive Vote is live, containing a Spark Proxy Spell. If the vote passes, the following changes to Spark’s MetaMorpho Vault and SparkLend will be deployed.

• Update Spark’s MetaMorpho Vault Supply Caps - Ethereum Mainnet

• Onboard USDC.e as Borrowable Asset - Gnosis Chain

• Update USDC Parameters to Prepare for Offboarding - Gnosis Chain

Check the full details of the changes ↓

https://x.com/sparkdotfi/status/1806391521593209152
Get ready for The Spark Night, an exclusive side event during EthCC’s week, featuring the brightest minds in DeFi.

Join us for two insightful panels with experts from Morpho Labs, Aave, Euler Finance, Mountain Protocol, Steakhouse, Block Analitica, and more.

Presented by the Phoenix Labs team and moderated by Camila Russo, this event is your chance to stay ahead of next-gen DeFi products and network with top industry players.

→ Tickets are limited and will be released in batches.

For event details, visit: http://lu.ma/hxtemqm9
⚡ EtherFi's weETH is now live on SparkLend!

Users can leverage the largest liquid restaking token by market capitalization as collateral to borrow DAI at a large scale.

Complete announcement → https://x.com/sparkdotfi/status/1803075233118552421
⚡ New Executive Vote to onboard $weETH ⚡

The latest MakerDAO Executive Vote is live. If approved, Etherfi’s $weETH will be onboarded as a new supply asset to SparkLend on Ethereum Mainnet.

Check the proposal → https://forum.makerdao.com/t/may-31-2024-proposed-changes-to-sparklend-for-upcoming-spell/24413
Are you eligible for the ⚡ SPK airdrop?

Check your SPK allocation directly from the Spark app!

If you're borrowing DAI or have deposited ETH, you are already participating in Season 2 of SPK pre-farming.

Keep an eye on your count!

https://x.com/sparkdotfi/status/1800552725530181773
The Spark’s MetaMorpho Vault has reached 500 million DAI supplied!

An additional 50 million DAI were added to the the sUSDe 91.5% LLTV pool to support the growth of sUSDe collaterals, raising Spark MetaMorpho's total debt exposure to 500 million DAI.

https://x.com/sparkdotfi/status/1799099955560218891
The recent MakerDAO Executive Vote has approved several changes to SparkLend on Mainnet and Gnosis Chain, including Spark’s MetaMorpho Vault.

Learn more about these changes ↓

https://x.com/sparkdotfi/status/1798415712240701456
Spark leads MakerDAO's estimated annual revenue.

The Spark D3M and Spark’s MetaMorpho D3M are the top revenue earners for the Maker Protocol, with a combined estimated annual revenue of approximately $165 million.

https://makerburn.com/#/rundown
A new token integration is coming to SparkLend: $weETH ⚡

The initial parameters and risk assessment are based on current market and liquidity conditions for weETH:

• Loan to Value: 75%
• Liquidation Threshold: 73%
• Supply Cap: 5,000 weETH

More info → https://x.com/sparkdotfi/status/1797715480808939626
A banking-like, decentralized on-chain product that combines the daily use cases of cash and savings accounts with the power of MakerDAO’s Dai Savings Rate.

With a single transaction, you can deposit any amount of DAI, USDT, or USDC to let the DSR rates boost your savings over time.

Saving should be this simple.
New parameter adjustments are coming! ⚡

There is a new Executive Vote from MakerDAO live. If approved, new changes will be implemented within SparkLend on Ethereum Mainnet and Gnosis Chain, and Spark’s MetaMorpho Vault.

Check the complete info ↓
https://x.com/sparkdotfi/status/1796273324214952368
Last week, we saw significant market movements reflected in SparkLend's latest metrics with several inflows.

Here is a quick view of Spark metrics ↓
With the recent launch of the new Spark UI, the arrival of more stablecoins to SparkLend on @gnosischain, and the release of Spark Cash & Savings on Gnosis, users can now access more opportunities and a richer experience through the next-gen DeFi app.

Explore it ↓

https://x.com/sparkdotfi/status/1793721057263681819
Spark Cash & Savings is live on @gnosischain.

Manage your DAI, USDT, and USDC effortlessly.

Connect to MakerDAO's Dai Savings Rate (DSR) and enjoy the low gas fees of the Gnosis Chain, paid with xDAI.

Saving should be this simple.

Try it now: https://app.spark.fi/savings
Season 2 of SPK pre-farming launches immediately.

A monthly allocation of 6.66 million SPK tokens with a fixed SPK allocation per block will be distributed to eligible SparkLend users on Ethereum.

Check the complete info in the post below ↓

https://x.com/sparkdotfi/status/1792569189904835003
sDAI lands on @starknet with Nimbora!

Maximize your DeFi strategies on Nimbora v2 to access the DSR rate, $STRK incentives, and Nimbora points.

Join their Discord to get an invite code and get started ↓

https://discord.com/invite/nimbora
New parameter update coming to Spark ⚡

A new Executive Vote from MakerDAO is currently live. If approved, changes to the rates of SparkLend, Spark Cash & Savings will take effect upon deployment.

📊 Lower DAI Borrow Rate to 9%.

📊 The Dai Savings Rate will be decreased to 8%.
Recently, SparkLend on @gnosischain received liquidity injections to enhance the USDC, USDT, and EURe markets.

Here you can review the numbers after one week ↓

https://twitter.com/sparkdotfi/status/1790068402217738616