SparkLend’s lending market continues to operate as usual — USDS/USDC borrowing rates remain stable at 4.41%, and borrowing volume keeps growing.
A few risk management details worth sharing:
1) SparkLend doesn’t support stablecoins as collateral for borrowing other assets. This means a hacker can’t use a freezable asset as collateral to swap into a non-freezable one.
2) SparkLend borrowing has built-in rate limits. For example, if a hacker tried to borrow ETH, they’d be capped at 10,000 ETH every 4 hours.
Low-risk DeFi & stay safe.
@sparkfinance