The Onchain Capital Allocator

Spark is an onchain capital allocator, with $undefined deployed across DeFi and RWA. It unlocks capital efficiency at scale, auto-balancing allocations based on market conditions while maintaining a conservative risk profile. SPK, Spark’s native token, powers this ecosystem—enabling staking, governance, and long-term alignment.

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Introducing SPK: The Spark token

SPK, the native token of Spark, will soon be available on Ethereum mainnet. You can learn more about the SPK token here.

  • SPK Utility

    • 1.1

      Stake

      Stake SPK to help secure the Spark ecosystem and earn points.

    • 1.2

      Farm

      SKY or USDS holders can farm SPK by locking their tokens. 65% of the total supply will be distributed by Sky through farms over a ten-year period.

    • 1.3

      Vote

      Participate in Spark governance and help shape its future.

  • SPK Distribution

    • 2.1

      Ignition Airdrop

      The Ignition Airdrop distributes SPK to users who qualified via a snapshot of early activity. It’s a thank-you to the DeFi ecosystem and the communities around Spark’s integrated protocols.

    • 2.2

      Pre-Farming Airdrop

      Still ongoing. Users who participated in the pre-farming campaign can view their accrued tokens in the Spark App. Claiming will be available shortly after launch.

The engine behind Spark’s capital strategy

The Spark Liquidity Layer (SLL) is the core infrastructure behind Spark’s onchain capital allocation strategy. Built for resilience, it deploys assets dynamically across DeFi, CeFi, and Real World Assets—prioritizing security, sustainability, and risk-adjusted performance.

In bull markets, SLL channels capital into high-yield DeFi opportunities. When onchain yields tighten, it pivots toward CeFi and RWAs to preserve capital and capture superior risk-adjusted returns. Through protocol integrations and direct asset exposure, SLL ensures capital is always positioned where it delivers the most value.

Protocols

liquidity

FEEs

collateral

Spark
  • Deployed

  • revenue

Through Protocols

Direct Assets

Key achievements on Spark’s journey
  • May 2023

    Spark launches with lending at its core

    Spark, the onchain capital allocator, launches with SparkLend, a lending protocol built on Spark’s liquidity infrastructure and governance-defined rates. Within six months, SparkLend became a top three lending protocol on Ethereum by TVL.

  • Aug 2023

    Introducing Spark Savings

    The first version of Spark Savings launches, enabling users to deposit DAI and earn rewards through the Sky Savings Rate.

  • Sep 2023

    Expanding beyond Ethereum

    SparkLend expands to Gnosis Chain, marking Spark's first cross-chain deployment.

  • Apr 2024

    Scaling liquidity through strategic allocations

    Spark allocates 100 million DAI to a Morpho vault, providing liquidity to Ethena through the sUSDe/DAI and USDe/DAI markets. This marks Spark’s second major liquidity deployment after SparkLend, reaching its max allocation of 750M by December 2024.

  • Nov 2024

    The Spark Liquidity Layer goes live on Base

    Spark Liquidity Layer launches on Base, hitting $100M four months after its launch.

  • Dec 2024

    Hitting New Milestones in Liquidity Deployment

    Spark reaches a new all-time high of max allocation of 2.7B through Spark Liquidity Layer, deploying liquidity across Aave, Morpho, Ethena, and Pendle.

  • Feb 2025

    Expanding to Arbitrum

    Spark Liquidity Layer launches on Arbitrum, enabling Spark Savings for all Arbitrum stablecoin users.

  • Mar 2025

    Bringing Spark Savings to USDC

    Spark Savings USDC launches, allowing users to deposit USDC and earn yield on their stablecoins, attracting 25M in deposits in less than a week after launch.

  • Apr 2025

    SLL expands into tokenized assets

    Spark deploys +$1B liquidity into BlackRock BUIDL, Superstate, Maple, and Centrifuge, broadening its onchain capital allocation strategy.

  • Jun 2025

    Ignition Airdrop

    Spark launches the Ignition airdrop, rewarding early users and contributors across the ecosystem.

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