Spark
Spark Lend
A Maker / Sky-affiliated lending market focused on DAI / USDS markets and high-quality yield-bearing collateral.
Spark forks Aave v3 with parameters tuned for the Sky stablecoin ecosystem. The DAI / USDS supply rate on Spark is set by Sky governance via the DSR (Dai Savings Rate) and tends to be the reference rate for stablecoin lending in DeFi.
Related terms
- MakerDAOThe DAO that issues [[dai]] and (since the Endgame rebrand) [[usds]] — the longest-running decentralised stablecoin operator.
- SkyThe post-Endgame rebrand of MakerDAO — issuer of [[usds]] alongside continued [[dai]] support.
- AaveDecentralised lending market — the largest by TVL — with stablecoin supply and borrow markets across 12+ chains.
- DSR (Dai Savings Rate)Maker / Sky's protocol-set rate paid to DAI / USDS depositors — historically a benchmark for stablecoin yields.