Spark is the allocation intelligence layer for digital finance, coordinating capital across DeFi, CeFi & RWAs.
Institutional Capital | Intelligently Allocated.
USDS borrowing on SparkLend surpassed $800M, up 64% in 30 days. This alone is a new ATH.
Utilization moved from 62% to 65.6% on $1.3B supplied.
wstETH is the largest collateral behind USDS debt at roughly ~$900M. Borrowers are converting ETH exposure into stablecoin liquidity while the position stays open.
Borrow USDS: