Transparent borrowing
SparkLend TVL
USDS Borrowing Rate
Available Liquidity
30-Day USDS Borrowing Rate Change
Total-Value Locked (TVL) represents the total value (in USD terms) that has been deposited into SparkLend, minus the total value currently borrowed. It shows the net value of funds locked in the protocol.
The USDS Borrowing Rate determines the annual interest applied to outstanding USDS loans, accrued every second based on the yearly percentage. This rate is set by Sky’s governance through on-chain voting cycles. Upcoming rate changes are announced publicly on Spark's official channels.
Available Liquidity is the total value (in USD terms) in SparkLend that hasn't been borrowed yet and is available for users.
The SparkLend USDS Borrowing Rate is set by governance decisions, and is not affected by liquidity usage. Rate changes are announced publicly on Spark's official channels.
Borrow USDS against your liquid assets with transparent rates and truly scalable liquidity.
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.
Borrow USDS with the backing of transparency and scalability
Unparalleled liquidity on demand
SparkLend is a decentralized liquidity market protocol that benefits from direct liquidity provided by Sky. This enables you to borrow USDS at scale with transparent rates. The Spark Liquidity Layer deploys and balances this capital on demand, designed to provide liquidity when you need it.
Security and audits
Rigorous audits of SparkLend’s code base help to mitigate technological risks.
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