After successfully deploying on Base, it’s time for Spark to expand further. The next step is Arbitrum. This expansion follows the same approach as before, rolling out in two phases: @sparkdotfi

Phase 1: Savings

Arbitrum users now have access to Spark Savings. Users can deposit stablecoins (USDS and USDC) into Savings and earn the Savings Rate, which is set by Sky governance rather than fluctuating based on pool utilization like other on-chain savings products. This approach removes the complexity of optimizing savings strategies, allowing users to earn without constantly moving funds across DeFi.

Phase 2: Lending

Next, Spark will bring the Sky Rate to Arbitrum’s leading lending protocols. By introducing the Sky Savings Rate, Spark aims to help stabilize borrowing rates by ensuring that all users receive the same rate regardless of the amount borrowed. Unlike other lending rates, the Sky Rate remains the same for users regardless of pool utilization and does not fluctuate based on the size of the loan. Users can borrow stablecoins from their preferred lending protocol where the Spark Liquidity Layer injects liquidity, making it easy to use their favorite app.