What is Spark? It is not just a lending protocol, but a 'on-chain capital operating system'
In the DeFi market, the label 'lending protocol' is no longer sufficient to accurately describe the full picture of Spark. Rather than being a financial application, it is an operational mindset—what Spark aims to create is a composable, schedulable on-chain capital operating system with a long-term endogenous economic structure.
This article will guide you through four dimensions: product layer, capital flow layer, architecture layer, and governance layer, to fully understand how Spark rearranges 'interest, assets, stablecoins, and liquidity' to construct a high-freedom DeFi financial network.