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SparkSPK
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SparkSPK

Lending

Overview

What is Spark?
Spark is a non-custodial lending protocol built on Ethereum. Spark’s development team Phoenix Labs was founded in early 2023.
How does Spark work?
Lenders deposit funds into Spark and receive interest payments from borrowers (supply-side fees).
Who governs Spark?
SPK tokenholders own and govern the protocol. They currently take a cut of the total interest paid by borrowers (revenue).
RevenueSpark's share of the interest$10Connects Borrowers & LendersSupply-side feesLenders' share of the interest$90LendersFeesInterest paid by borrowers$100Borrowers
The values in this graphic are examples and do not reflect actual values. Treat them as approximations.

On-chain sources