What it means
A lending protocol from the Sky ecosystem (formerly MakerDAO), with markets for stablecoins and other tokens.
Depositors earn a variable rate paid by borrowers.
How it works
Spark is one of the markets you can use from Defied's Markets.
Related terms
| Term | What it means |
|---|---|
| Lending market | An onchain pool where people supply money that others borrow, with the interest paid by borrowers going to those who supplied it. |
| Stablecoin | A token on a blockchain designed to keep a steady value, usually one dollar or one euro, backed by reserves. |
| DAO | Decentralised autonomous organisation: a group that runs a protocol by token holders' votes rather than a company's management. |
This glossary explains terms in general. It isn't investment, tax or legal advice.