{"content":"Been looking more into @sparkdotfi after it launched on Cookie Fun. Spark is not like the other DeFi protocols, and $SPK is not just another token. The project is built by the original MakerDAO team (now Sky) and it's backed by @MakerDAO. What is Spark? Spark is building real infrastructure for onchain finance. It launched just a few months ago, and it's already managing more than $2.6B in liquidity and generating $160M+ in annualized revenue. What really stands out is how it's actually solving real problems such as liquidity fragmentation at the same time as it's powering stable yields across the ecosystem. Here's what makes it interesting: • You can borrow and lend through SparkLend with easy access to USDS and DAI • Stablecoin yields are solid with around 6.5% APY on USDC, and borrowing DAI costs just ~1.11% annually • Supports rETH, ETH, and DAI as collateral • The SPK token is on the way (10B supply), with staking, rewards, and the first SNAP campaign already live via @cookiedotfun • It's multichain with Ethereum and Base, and seamless movement between networks • Designed for the long game with modular subDAOs, AI-agent integrations, and fully onchain governance • Security is good with audits and a $5M bug bounty in place Spark has managed to build a clean and capital-efficient infrastructure, built for real users. It brings real yield and a much more connected DeFi future. I’m watching this one closely.","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025052025/05/25/78db900729be4316b81550dacd3419ce.jpg"],"tags":[],"tradingPairs":["ETH/USDT"],"quotearticleid":0}