Where Spark coordinates liquidity today Capital is deployed across multiple products and markets simultaneously: • Spark Savings: capital deployed through Spark Saving Vaults, incl. spUSDT, spUSDC, and spETH • SparkLend: onchain lending and borrowing markets • Spark Prime: institutional credit infrastructure • Liquidity as a Service: powering 3rd parties and stablecoin ecosystems, incl. USDG (@RobinhoodApp) @Coinbase Loans, @StandX_Official Universal Markets, etc. • Stablecoin FX Layer: USDS pairs against @Paypal's PYUSD and @Tether's USDT on @Uniswap v4 pools None of these surfaces move capital on their own. The Spark Liquidity Layer is the coordination system underneath all of them, determining how capital should be allocated within governance defined parameters. Governance defines where capital can be deployed. Limits get sized in advance. The Spark Liquidity Layer continuously allocates capital within those boundaries.