Earn on your stablecoins

Maximize your stablecoin rewards with . 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.

Earn on your stablecoins

SparkLend TVL

$3.55B

Spark Liquidity Layer

$1.146B

Savings TVL

$2.359B

Total Annualized Revenue

$20.5B

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.
- SaveSave
- Learn more
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.
- Borrow USDSBorrow USDS
- Learn more
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.
- Lend & BorrowLend & Borrow
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Designed to perform, audited to protect

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

View allView all

SparkLend Smart Contract Audit

By ChainSecurity

Spark Liquidity Layer Smart Contract Audit

By Cantina

Savings USDS Smart Contract Audit

By ChainSecurity

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.

Learn more

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.

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02. Governance

As one of the Sky Stars, Spark's influence drives swift scaling and fuels the growth of the entire DeFi ecosystem, all while staying fully aligned with the vision of the Sky ecosystem community.