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Spark Protocol

Spark is a DeFi lending protocol centered around the DAI stablecoin. It is a software fork of the leading lending protocol, Aave's Version 3, which integrates direct lending capabilities within MakerDAO. Through Spark, users can obtain DAI loans using assets such as Ether (ETH), staked Ether (stETH), and DAI.

What is Spark Protocol?

Spark Protocol is MakerDAO’s native lending platform, positioned as the 'liquidity and yield infrastructure layer' for on-chain finance. It provides lending and savings products and leverages the Spark Liquidity Layer (SLL) to systematically deploy stablecoin capital across multiple chains and protocols, maximizing capital efficiency.

How Does Spark Protocol Work?

Spark Protocol operates through three core modules: SparkLend, a decentralized lending market; Savings, offering USD-like savings yield via sUSDS; and the Spark Liquidity Layer (SLL), which automatically deploys liquidity across various protocols to optimize yield.

What Makes Spark Protocol Unique?

Spark Protocol stands out due to its integration with MakerDAO, its multi-product synergy providing a complete stablecoin utilization pathway, and its innovative SLL Liquidity Layer acting as an on-chain 'capital allocator.'

Who Are the Founders of Spark Protocol?

The project is developed by the Phoenix Labs team, including co-founder Lucas Manuel, formerly of Maple Finance, and Kris Kaczor, co-founder of L2Beat, both bringing extensive experience in DeFi protocol development.

Latest News

What Key Events Have There Been for Spark Protocol?

Significant events include the launch of the SPK token on June 17, 2025, with listings on major exchanges like Binance and Coinbase, and a substantial airdrop to incentivize user engagement.

Project Announcements

Recent updates include the expansion of the 'Spark Snaps' campaign to include 'Spark Ecosystem Collaborators,' encouraging deeper ecosystem understanding and participation.

Upcoming Events

Latest Airdrop

An airdrop of 300 million SPK tokens (3% of total supply) was announced, targeting users of SparkLend and Aave, participants in Ignition and Overdrive DeFi campaigns, and Layer3 platform quest completers.

TGE Time

The Token Generation Event (TGE) for SPK occurred on June 17, 2025.

Projects Announcements

Where to Buy SPK?

SPK tokens can be traded on major exchanges such as Binance, Coinbase, Bitget, Bybit, and KuCoin, with trading pairs like SPK/USDT.

SPK Price

Daily Trading Volume

As of June 17, 2025, the 24-hour trading volume was $368 million.

All-Time High

The all-time high price was approximately $0.07 on June 17, 2025.

All-Time Low

The all-time low price was approximately $0.05767 on June 18, 2025.

Market Cap and Valuation

Market Cap

As of June 17, 2025, the market capitalization was approximately $98 million.

Fully Diluted Valuation

With a total supply of 10 billion SPK tokens, the fully diluted valuation would be $700 million at a price of $0.07 per token.

SPK Price Prediction

While specific price predictions are speculative, factors influencing SPK's price include market sentiment, adoption rates, and the overall performance of the DeFi sector. As of now, there are no available forecasts from reliable experts or publications.

FAQ

What is the Purpose of Spark Protocol?

How Can I Participate in Spark Protocol's Ecosystem?

What Sets Spark Protocol Apart from Competitors?

Is Spark Protocol Secure?

What are the Risks Associated with Spark Protocol?

Community Sentiment

25.90K Votes

50% 50%

Disclaimer and Risk Warning: Some content on this page may be assisted or generated by AI and is for general reference only. For the most accurate and updated information, please refer to the official website of the project. Bitget Wallet values every partnership. If you notice any issues or inaccuracies, feel free to reach out to us at [email protected] — we appreciate your feedback and will make improvements where needed.