Let me tell you a secret — being early always pays off.
And the first of @cookiedotfun is @sparkdotfi ! 🍪
Keep your eyes open!
What is Spark?
Spark is an Ethereum-based DeFi protocol launched in August 2023. It’s the first SubDAO under the Sky Ecosystem (formerly MakerDAO), focused on lending, borrowing, and savings.
Key Highlights:
1. Manages over $2.6B in liquidity, making it a major player in onchain finance.
2. Powered by the Spark Liquidity Layer (SLL), which programmatically allocates capital to DeFi protocols for stable yields (e.g., 5.96% APY).
3. Rather than competing with other protocols, Spark acts as the infrastructure layer that powers them.
4. Allocated $1.5B to Aave, launched a 6.5% APY USDC vault, and directed $2B to RWAs through The Spark Tokenization Grand Prix.
5. Generates over $160M in annualized revenue.
Spark isn’t just another DeFi app — it’s becoming the core liquidity and yield engine of onchain finance.