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Spark
@sparkfinance
Spark is the allocation intelligence layer for digital finance, coordinating capital across DeFi, CeFi & RWAs. Institutional Capital | Intelligently Allocated.
Joined February 2023
123 Following    66.6K Followers
Spark's sUSDC on @Arbitrum now holds over $300M in total assets. It is the first known USDC savings vault on Arbitrum to reach this milestone. Total assets grew more than 20% over the past 30 days, driven primarily by over $50M in net USDC deposits. More than 90% of the sUSDC held in July remains at the same addresses. The vault uses Spark's PSM to convert USDC into sUSDS on entry and back into USDC on exit. An oracle relays savings rate data from @Skyecosystem to Arbitrum, allowing the conversion rate to reflect accrued yield. New deposits on Arbitrum are building on a savings base that has largely stayed in place. Deposit USDC into Savings on Arbitrum:
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