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What is Spark Protocol?
Spark is a non-custodial lending protocol built on Ethereum. Spark’s development team Phoenix Labs was founded in early 2023.How does Spark Protocol work?
Lenders deposit funds into Spark and receive interest payments from borrowers (supply-side fees).Who governs Spark Protocol?
SparkDAO SPK tokenholders will own and govern the protocol. The protocol is currently governed under MakerDAO as a subDAO.The values in this graphic are examples and do not reflect actual values. Treat them as approximations.