Spark has released a comprehensive risk framework for the Sky Agent Network, detailing how losses are absorbed and risk is bounded across Spark Savings, SparkLend, and the Spark Liquidity Layer.

Aave TVL has dropped by $10B since the Kelp attackers used the protocol to borrow $190 million in WETH, depositing unbacked rsETH.

The new offerings are Spark Prime and Spark Institutional Lending.

The stablecoin’s market capitalization has increased by 42% this week.

In this episode of The Defiant Podcast, we sit down with Sam MacPherson, CEO and co-founder of Phoenix Labs, to discuss Spark (SPK)—the DeFi protocol making waves in the cryptocurrency world. From its groundbreaking subDAO model to its recent $10 billion TVL milestone, Spark is reshaping decentralized finance. We dive into the latest developments, including the Ignition Airdrop and institutional adoption. Tune in to explore how Spark is bridging the gap between traditional finance and DeFi, and what the future holds for this rapidly evolving ecosystem.

The DeFi capital allocator’s TVL is up 250% since April, and the protocol’s SPK token is now following suit.

Spark’s TVL has more than doubled since April ahead of its upcoming SPK token airdrop.

Although an initial $1 billion was budgeted for the Tokenization Grand Prix winners, Phoenix Labs’s Sam MacPherson says the allocation could rise to $3.6 billion.

The liquidity layer will allow users to deposit or withdraw USDS via multiple networks.

Contango’s Spark integration comes one month after launching Aave-based perpetuals