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Spark protocol: A new force reshaping the DeFi lending landscape in the MakerDAO ecosystem.
Spark: A New Force Reshaping the Decentralized Finance Lending Landscape
The emergence of Spark has attracted widespread attention in the DeFi space. As a key component of MakerDAO's "endgame plan", this lending protocol bears the responsibility of reshaping the liquidity landscape of DeFi.
Spark is developed by the Phoenix Labs team and is deeply customized based on Aave V3 code. This strategy inherits the security and functionality of a mature platform while injecting unique competitive advantages into Spark. The most significant changes include the introduction of customized interest rate strategies, zero-fee flash loans, and a dual treasury system.
The core of the agreement consists of three pillars:
SparkLend: Lending engine, characterized by the "transparent interest rate" model and the direct deposit DAI module (D3M) that provides ample liquidity.
Diversified Income: Savings products built around the USDS stablecoin, with income sources including lending interest spreads, real-world asset investments, and external Decentralized Finance deployments.
Spark Liquidity Layer ( SLL ): A cross-chain, cross-protocol capital allocation system designed to optimize the capital efficiency of the entire Decentralized Finance ecosystem.
Spark's competitive advantage is primarily reflected in its deep integration with the Sky/MakerDAO ecosystem. This "lineage and integration" advantage provides Spark with liquidity and brand endorsement that are difficult to replicate.
The SPK token is the core of the Spark ecosystem, with a total supply of 10 billion tokens. In addition to governance rights, it will also support staking rewards in the future. 65% of the tokens will be gradually distributed through a 10-year "Sky Farming" program, aimed at cultivating a long-term loyal user base.
The emergence of Spark marks the birth of a new type of decentralized financial institution that integrates the functions of central banks, commercial banks, and hedge funds. It is not only an important step in the strategic layout of MakerDAO but may also provide a new paradigm for the future development of Decentralized Finance.