# Spark > Earn on your stablecoins Spark is an on-chain capital allocator that lets users earn yield on stablecoins and borrow against crypto assets through DeFi protocols. Spark connects capital from Sky's stablecoin reserves to yield opportunities across DeFi, CeFi, and real-world assets through the Spark Liquidity Layer. Users interact through savings vaults or SparkLend, while institutional clients access OTC crypto lending, CeDeFi margin, and programmable liquidity services. Governance operates through SPK token holders who vote on risk parameters, capital allocations, and protocol upgrades via Snapshot. - Type: Company - Sector: Finance - Status: Active - Founded: 2023-05-01 - Profile: https://thegrid.id/profiles/spark ## Products - [Spark Savings](https://thegrid.id/profiles/spark): Spark is a decentralized protocol providing stablecoin savings vaults and a non-custodial lending market, powered by automated cross-chain capital deployment infrastructure. Savings vaults accept multiple stablecoins and ETH, with yield generated by allocating capital across DeFi protocols, CeFi venues, and real-world assets via the Spark Liquidity Layer. SparkLend enables borrowing of USDS and USDC at governance-set rates against curated collateral including ETH and liquid staking tokens, deployed across multiple EVM-compatible networks. (Decentralised Borrowing & Lending, Live, Main Product) - [Spark Institutional Services](https://thegrid.id/profiles/spark): Spark Institutional Services provides structured crypto financing and B2B liquidity infrastructure for institutional clients. Institutional Lending offers fixed-rate OTC loans secured against digital asset collateral with integration support for leading custodians. Spark Prime enables CeDeFi margin lending using Arkis portfolio margin technology within a brokerage framework. Liquidity as a Service provides programmatic stablecoin allocation via the Spark Liquidity Layer for stablecoin issuers, rollup teams, and DeFi protocols. Yield as a Service delivers embeddable savings infrastructure for exchanges, custodians, and wallet providers. (Centralised Borrowing & Lending, Live) ## Assets - [Spark (SPK)](https://thegrid.id/profiles/spark): SPK is the governance token of Spark. It is used for voting on protocol proposals, staking to earn Spark Points, and farming by depositing USDS into the SPK Farm on multiple blockchains. The token follows a 10-year emission schedule, with 65% of the total supply distributed to users through Sky ecosystem farming campaigns to incentivize long-term participation. (Governance) ## Links - [Main](https://spark.fi) - [Documentation](https://docs.spark.fi) - [Blog](https://blog.spark.fi) - [Terms of Service](https://spark.fi/terms-of-use) - [Privacy policy](https://spark.fi/privacy-policy) - [Media Kit/branding](https://docs.spark.fi/brand) - [Forum](https://forum.sky.money/c/spark-subdao/84) - [Governance](https://snapshot.box/#/s:sparkfi.eth) - [Twitter / X](https://x.com/sparkdotfi) - [Discord](https://discord.gg/sparkdotfi) - [GitHub](https://github.com/sparkdotfi) - [Paragraph](https://paragraph.com/@spark-11) ## Legal This data is provided under two licensing models. Model 1 - open data. The open data core is licensed under the Open Database License (ODbL) — a copyleft/share-alike license allowing free use, modification, and sharing for any purpose. Attribution is required: include "Powered by The Grid" linking to https://thegrid.id wherever the data is used. Derivative databases must be shared under ODbL terms. 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