Earn 8.5% on your stablecoins

Maximize your stablecoin rewards with transparent rates. Withdraw to USDC, USDS, or DAI at any time with no slippage or platform fees.

The USDS borrowing rate and sUSDS savings rate are unaffected by liquidity utilization. Instead, they are set by Sky’s governance through on-chain voting cycles. Upcoming rate changes are announced publicly on Spark’s official channels.

  • SparkLend TVL

    $3.70B

  • Spark Liquidity Layer

    $1.79B

  • Savings TVL

    $1.75B

  • Total Annualized Revenue

    $92.91M

  • Unlock growth across DeFi

    • 01 - 03

      Grow your non‑custodial savings with transparent rates

      Supply your stable assets and receive Savings USDS. Rewards are generated through Sky’s protocol revenue, and the rate at which they’re distributed is determined by Sky’s community-driven governance. Revenues are generated with returns determined transparently by Sky governance. You can withdraw anytime into USDC, DAI, or USDS with zero slippage. Savings Rate is available on Ethereum and Base.

    • 02 - 03

      Borrow USDS at scale with transparent rates

      Borrow USDS against your supplied assets. Transparent rates, determined by Sky, help to limit surprises even when at high borrowing scales.

    • 03 - 03

      Supply and borrow other highly-liquid assets

      Create and manage positions with leading assets –ETH, wstETH, rETH, weETH, and cbBTC– and easily monitor and rebalance them in real time.

    Designed to perform, audited to protect

    Multiple rigorous audits of Spark’s codebase help to mitigate technological risks.

    About Bug Bounty

    Spark is designed to be secure and mitigate risk by leveraging the highest standards of engineering. With one of the largest bug bounty programs in DeFi, we encourage white hat hackers and security experts to identify and report any vulnerability in the codebase.

    And there’s up to $5 million if they can.

    Powered by Sky

    As a Star within the Sky ecosystem, Spark drives DeFi innovation with direct support from Sky

    Spark receives USDS liquidity from Sky, which it allocates strategically to fuel its own projects like SparkLend and to support top DeFi initiatives.

    01. Liquidity

    Spark can bootstrap products from zero to one without relying on third-party capital due to Sky's substantial stablecoin reserves.

    02. Governance

    Go to the forum

    Spark helps grow other protocols and ecosystems via premier liquidity integrations

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    USDS deployed

    $400M

    • alt

    USDS deployed

    $99.95M

  • Join the Spark community

    Connect and engage to help redefine the boundaries of what's possible with DeFi.

    DeFi simplified.

    Savings maximized.