# Spark > Institutional capital. Intelligently allocated. Spark is an on-chain capital allocator. It lets users earn yield on stablecoins and borrow against crypto assets, and gives institutions credit and liquidity services. Spark is an on-chain capital allocator that connects stablecoin liquidity from the Sky ecosystem to savings, lending, and institutional credit. Users earn yield through savings vaults or borrow through SparkLend, while institutions access custody-integrated lending and liquidity services. Governance controls how Spark allocates this capital. The Spark Liquidity Layer is a non-custodial allocator that moves capital only between venues approved in advance by governance, within preset rate limits. It deploys funds across DeFi, centralized finance, and real-world asset strategies, and that capital supports withdrawals and the yield savings vaults pay. SPK token holders vote on risk parameters, capital allocations, and protocol upgrades. Spark Savings and SparkLend serve individual and institutional depositors and borrowers through the Spark app. Spark Institutional Services covers fixed-rate loans, margin lending, and liquidity and yield infrastructure for integrators. Spark is used by savers, borrowers, institutions, stablecoin issuers, exchanges, and DeFi protocols. - 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 Savings is a savings product that lets users deposit supported assets into vaults and earn a governance-set rate on the same asset. Yield comes from the Spark Liquidity Layer, which allocates capital across DeFi, centralized finance, and real-world asset strategies, and deposits stay withdrawable. The same app includes SparkLend, a non-custodial money market where users supply assets and borrow against curated collateral at governance-set rates. Vaults and markets run on multiple EVM-compatible blockchains. (Yield Aggregator, Live, Main Product) - [Spark Institutional Services](https://thegrid.id/profiles/spark): Spark Institutional Services provides structured crypto financing and liquidity infrastructure for institutional clients. Institutional Lending offers fixed-rate loans secured against digital asset collateral and integrates with custodians. Spark Prime is CeDeFi margin lending that lets borrowers deploy collateral across DeFi and centralized venues within one brokerage framework. Liquidity as a Service gives stablecoin issuers, rollup teams, and DeFi protocols programmatic access to capital allocated through the Spark Liquidity Layer. 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.finance) - [Documentation](https://docs.spark.finance) - [Blog](https://blog.spark.fi) - [Terms of Service](https://spark.finance/terms-of-use) - [Privacy policy](https://spark.finance/privacy-policy) - [Media Kit/branding](https://docs.spark.finance/brand) - [Forum](https://forum.sky.money/c/spark-subdao/84) - [Governance](https://snapshot.box/#/s:sparkfi.eth) - [MICA Whitepaper](https://docs.spark.finance/mica) - [Twitter / X](https://x.com/sparkfinance) - [Discord](https://discord.gg/sparkfinance) - [GitHub](https://github.com/sparkdotfi) - [Paragraph](https://paragraph.com/@spark-11) - [LinkedIn](https://www.linkedin.com/company/sparkfinance) - [YouTube](https://www.youtube.com/@spark.finance) ## 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. 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