Spark Protocol protocol
Overview
Spark Protocol is a decentralized lending and borrowing protocol that operates as a sub-protocol within the MakerDAO (now Sky) ecosystem. It allows users to supply assets to earn yield and borrow against collateral, with a focus on DAI stablecoin and efficient interest rates derived from the DAI Savings Rate.
Within the DeFi Intel graph, Spark Protocol connects to 17 tracked entities, most strongly to Sky Protocol, SPK, Phoenix Labs.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 10 of 17 total).
| Relation | Connected entity | Confidence |
|---|---|---|
subdao_of | Sky Protocol | 95% |
issues | SPK | 95% |
operated_by | Phoenix Labs | 95% |
launched | Spark Tokenization Grand Prix | 95% |
led_by | Sam MacPherson | 95% |
launched | Spark Liquidity Layer | 95% |
built_on | Sky Protocol | 90% |
governed_by | Sky (formerly MakerDAO) | 90% |
issued_by | Sky (formerly MakerDAO) | 90% |
launched | SPK | 90% |
More on Spark Protocol
- Spark Protocol Review 2026 — Lending, DAI/USDS, Aave v3 Fork
- Is Spark Protocol Safe in 2026? Audits, Hacks, Risk Score
Frequently asked questions
What is sUSDS?
A non-rebasing yield-bearing receipt token received for depositing USDS; it accrues the Sky Savings Rate and is redeemable back to USDS.
What is SparkLend?
Spark's permissionless, non-custodial money market, forked from Aave v3.
Who is behind Spark?
Spark was incubated by the Sky ecosystem, the protocol formerly known as MakerDAO.
Related reading
- Aave vs Spark Protocol (2026): Full Comparison
- Morpho Blue vs Spark Protocol (2026): Full Comparison
- Spark Protocol vs Euler V2 (2026): Full Comparison
- Spark vs Kamino (2026): Full Comparison
- Spark vs MarginFi (2026): Full Comparison
- Spark vs Radiant Capital (2026): Full Comparison
Sources
Facts on this page were verified against the following sources.