Melting Faces In Event Spaces🫠 Prev @SkyEcosystem⚡️ contact@divinityevents.io 🤝 Web 3’s Event Production House🏗️
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Joined February 2022
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DIVINITY retweeted
Incredible to see the growth of USDS borrowing on @sparkfinance
if you are a borrower of USDS we'd love to have you on supersmooth.fi
migrate your position on spark in 1 simple tx and access:
>1 tx Multiply features
>1 tx Refinance if USDS rates spike
>Stop Loss, Auto Sell, Auto Take Profit for your @sparkfinance position
>Advanced analytics on the UI you won't find elsewhere
USDS borrowing on SparkLend has crossed $1B.
The balance has reached an all-time high in daily snapshots, at 5x its $200M level a year ago. USDS now accounts for ~40% of SparkLend's total borrowing.
Over $800M of USDS borrowing is backed by ETH collateral and ~$120M by cbBTC, allowing borrowers to access stablecoin liquidity while retaining ETH and BTC exposure.
Spark adjusts liquidity supply to accommodate large loans. It connects @SkyEcosystem's USDS liquidity to SparkLend. As demand for borrowing against collateral grows, the Spark Liquidity Layer can supply additional funding.
Borrow USDS here:
app.spark.finance/borrow
DIVINITY retweeted
sparklends is setting the pace.
SparkLend (@sparkfinance) grew 47%, Morpho Blue 29%, and Aave V3 Core 4.5% in three months on Ethereum.
I traced major borrowers to understand why: moving loans between platforms, borrowing to invest, and paying down USDe loans.
Here’s what I found.
DIVINITY retweeted
Spark’s FX Layer is growing fast. ⚡️⚡️⚡️
Already over $20B in pool activity, averaging around $5B a month over the past two full months.
The biggest draw for stablecoin issuers? Less liquidity to bootstrap, more users to reach.
Spark's Stablecoin FX Layer has passed $20B in pool activity.
Pool activity has averaged more than $150M per day since launch, with monthly activity averaging around ~$5B the past two full months.
The FX Layer connects PYUSD, RLUSD and USDT through USDS on @Uniswap v4. @SkyEcosystem's PSM extends that shared liquidity network to USDC.
DIVINITY retweeted
The Stablecoin FX Layer on @Uniswap has surpassed $20B in total volume since its June launch.
Spark supports institutional-sized swaps between USDT, USDC, USDS, PYUSD, and RLUSD, with many other stablecoin issuers in the pipeline.
Stablecoins provide fundamentally better rails for consumers and institutions, and having a global market for swaps is critical to growing adoption.
Excited to see this grow.
DIVINITY retweeted
ETH is flowing into Spark.
Since April 18 market volatility, Spark Savings ETH deposits have grown from 8,500 ETH+ to over 93,000 ETH.
On April 23, roughly 30,000 ETH was deposited in a single day.
The inflow moved into yield infrastructure that was already in place. Spark Savings ETH earns yield through the Spark Liquidity Layer.
Explore Spark Savings 👇
app.spark.fi/savings/mainnet…
DIVINITY retweeted
Spark’s institutional services are built for platforms that need infrastructure, not just access.
Liquidity as a Service:
Programmatic, risk-bound liquidity through the liquidity orchestration layer. Builders use it to help bootstrap markets and scale liquidity for stablecoins, protocols, and chains.
Yield as a Service:
Institutional-grade savings infrastructure that platforms can embed directly. Exchanges, custodians, wallets, and chains can offer transparent earn programs without building yield infrastructure in-house.
Built for platforms embedding financial products, not only institutions accessing them directly.
Build with Institutional Services 👇
spark.fi/institutional-servi…
DIVINITY retweeted
wstETH deposits on @sparkfinance have doubled since March 29th from $1.046bn to $2.114bn per @DefiLlama
While historically SparkLend has not been material to Spark's financials, this appears to be rapidly changing given the thoughtful risk management practices the team has put in place.
Disclosure: Long $SPK
DIVINITY retweeted
SparkLend recorded over $500M in new borrows and $1.2B in new deposits over the past week.
As volatility increased across lending markets, demand shifted towards reliable liquidity access and borrowing capacity.
SparkLend’s infrastructure and deep liquidity absorbed that demand without disruption.
Explore SparkLend 👇
app.spark.fi/borrow
DIVINITY retweeted
SparkLend TVL up 25% in the past 2 days.
Billions in liquidity available at ~4.3% to those who want to refinance their Aave loans.
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