Spark Intern

The bulls are coming!

SparkLend’s ETH borrow market is currently operating below broader market borrowing rates. Current conditions: • ETH borrow rate: ~1.84% • $743M borrowed • 70% utilization • 90% kink utilization This is a function of how the market is parameterized. The variable borrow rate at the kink tracks the 2-day average stETH yield minus 10bps, aligning borrowing conditions more closely with ETH staking dynamics. As long as utilization remains below the kink, the market avoids the aggressive rate escalation seen in high-utilization environments. The goal isn’t temporary rate competition. It’s scalable ETH-denominated credit infrastructure with more predictable liquidity conditions. Borrow here - app.spark.fi/borrow

Stablecoin yield is evolving fast. Users are no longer just chasing returns. They want transparent, sustainable, and institutional-grade onchain yield. Join today’s AMA hosted by @MariaV54 with guest @hexonaut, CEO & Co-founder of Phoenix Labs and core contributor behind @sparkdotfi, to explore how Spark is powering the next generation of onchain savings. 🎁 $200 for 10 winners who 🔹 Follow @Gate & @sparkdotfi 🔹 Like & RT 🔹 Join the AMA 🗓 May 14, 1:30 PM UTC See you there: x.com/i/spaces/1oKMv…

When the Credora rating launched, @sparkdotfi Savings USDT had $307M in TVL. Today: $1.2B.

10x increase...probably nothing 😋

SparkLend ETH deposits have doubled in the last month, reaching 516k. SparkLend ETH only allows efficiency-mode looping against Lido wstETH.

FLOW!

Notice on SparkLend: BTC efficiency mode will be deprecated. Spark will deprecate BTC efficiency mode on SparkLend as part of ongoing risk management. The change is expected to take effect on June 4. Any positions borrowing cbBTC using LBTC or cbBTC as collateral that remain open after that point will be subject to forced liquidation on June 8. If you have an open BTC efficiency mode position on SparkLend, please close it by June 7. This notice applies to BTC efficiency mode only. All other SparkLend markets and positions are unaffected by this change. BTC efficiency mode deprecation timeline: June 4 — BTC efficiency mode deprecated June 8 — Remaining positions liquidated This notice is issued in advance to give all affected users time to act.

LFG!!

Spark CN Community Call | 1pm UTC, Thurs 7th May 2026 x.com/i/broadcasts/1…

@ReahPlatform @Morpho @sparkdotfi @gauntlet_xyz @plumenetwork @OndoFinance @yield_xyz LFG Together!

Curated DeFi vaults + tokenized RWAs — with partners including @Morpho, @sparkdotfi, @gauntlet_xyz, @plumenetwork, and @OndoFinance. Yields up to ~10% APY (variable; subject to market conditions). 24/7/365. Powered by @yield_xyz.

Borderless Treasury is live on Reah. Global, always-on treasury — earn yield on stablecoins and tokenized RWAs, from anywhere. Here's what that means.

icymi: @sparkdotfi SparkLend ETH deposits now over $1 billion partly driven by Spark Savings $spETH reaching over 100k ETH deposited (~$230 million) 💹

Spark’s institutional services are built for platforms that need infrastructure, not just access. Liquidity as a Service: Programmatic, risk-bound liquidity through the liquidity orchestration layer. Builders use it to help bootstrap markets and scale liquidity for stablecoins, protocols, and chains. Yield as a Service: Institutional-grade savings infrastructure that platforms can embed directly. Exchanges, custodians, wallets, and chains can offer transparent earn programs without building yield infrastructure in-house. Built for platforms embedding financial products, not only institutions accessing them directly. Build with Institutional Services 👇 spark.fi/institutional-…

Spark Points Season 4 Update: - Holding Savings ETH now earns 11,500 points per ETH, down from 50,000. ETH points have been recalibrated to reflect the current ETH price, keeping the effective boost rate consistent. Over 10k wallets are already climbing the ranks. Join Season 4 now 👇 app.spark.fi/points

Personally really love these updates. How about you?

The Spark Chinese Community Call is scheduled for Thursday, May 7. Full details below.⚡️

ETH deposits are up. Borrowing scaled with them. This isn’t idle liquidity, it’s a tightly coupled system. On Spark, high-leverage ETH borrowing is restricted to wstETH in e-mode, not fragmented LRT collateral. Structure matters. app.spark.fi/markets

Most ‘staking’ and ‘earn’ products rely on isolated pools. Spark doesn’t. Capital is allocated across multiple on-chain credit markets with structured risk parameters and liquidity buffers, designed for scalable liquidity and consistent access to funds as market conditions change. USDT Savings powered by Spark is now live on @Gate_Launch Explore now 👇 gate.com/staking/USDT?p…

Do people refer to all spot leverage as "looping" or is it just correlated assets? (IE stETH / ETH or sUSDS / USDC) I've heard both used.