Spark

What is Spark?

Spark's Sky stablecoin staking service, known as Spark Savings, allows users to deposit stablecoins such as USDS, USDC, or DAI and receive yield-bearing tokens like sUSDS or sUSDC in return. These tokens represent the user's share in the Sky Savings Rate, a yield-generating mechanism governed by the Sky community. Deposits and withdrawals are non-custodial, with no slippage or platform fees, and users can redeem their tokens for the underlying stablecoins at any time.

Benefits of using Spark

The Spark stablecoin staking service provides blockchain users with a simple way to earn passive yield on their stablecoin holdings. It offers non-custodial, fee-free deposits and withdrawals, ensuring full control and flexibility. Additionally, the governance by the Sky community adds transparency and decentralized decision-making to the platform.