Getting Started with #SparkFi: A DeFi Hub for Lending, Earning, and Capital Coordination In May 2025, ( @cookiedotfun ) launched its first official partner project — ( @sparkdotfi ), instantly attracting the attention of airdrop hunters and DeFi enthusiasts alike. But what exactly is Spark? How is it different from traditional lending platforms? And why was it chosen as Cookie’s debut highlight? This article walks you through everything you need to know about — its positioning, background, current metrics, and future potential. 1. What is ? Put simply, Spark is a decentralized capital coordination platform. It aggregates stablecoin savings, lending, and liquidity deployment — enabling users to earn yield, access leverage, and benefit from protocol-level capital efficiency. But Spark isn’t just another lending protocol. It’s designed as a DeFi coordination hub, offering composable yield opportunities with flexible collateralization. For example: (1) Users can deposit USDC or DAI and earn stable yields (~4.5% APY); (2) Or use ETH, wstETH, rETH, and similar assets as collateral to borrow USDS stablecoins; (3) Spark routes idle funds to other protocols like Aave, boosting overall yield efficiency. This hybrid model places Spark somewhere between Aave and Morpho Blue — positioning it as a “capital allocator” on-chain that balances yield, risk control, and liquidity optimization. 2. Who’s Behind Spark? Spark isn’t just another new protocol — it was initiated by Sky Protocol, one of the major extensions of the MakerDAO ecosystem. In fact, Spark is a core infrastructure product from MakerDAO, and closely tied to the $DAI ecosystem. Highlights include: (1) Yield mechanisms linked to DAI’s Savings Rate (DSR); (2) Governance design inspired by MakerDAO’s governance principles; (3) Shared architecture with Maker’s internal asset allocation systems; In terms of funding, the Sky ecosystem has raised over $61.5M USD from top-tier VCs like a16z and Paradigm. While Spark has not yet launched its own token, the team has confirmed plans to release $SPK governance tokens, with early user activity playing a role in future airdrop allocations. 3. How is Spark Performing? As of late May 2025, has posted some impressive metrics: 🔹 Total Value Locked (TVL): Over $2.6 billion 🔹 Savings Vault TVL: ~$1.5B (primarily DAI and USDC) 🔹 Collateral assets supported: ETH, wstETH, rETH, cbETH, and more 🔹 Integrated with Aave: Spark deploys capital into Aave markets to improve capital efficiency 🔹 Security audits: Completed by ChainSecurity and Cantina, with an active bug bounty program in place These numbers demonstrate that Spark is no longer an experimental protocol — it has matured into a mainstream DeFi infrastructure layer. 4. Why Should You Pay Attention? (1) It represents the evolution of “classic DeFi” Spark is a product of MakerDAO’s next chapter — with deep liquidity, reliable governance, and stable assets. In a world filled with unaudited new protocols, Spark stands out as a “credible DeFi” platform. (2) choice of Spark says a lot For a rising Web3 content incentive platform, choosing Spark as its first collaboration shows a commitment to high-quality, long-term value — not just hype or memecoins. (3) It supports both “low-effort” and “power user” engagement Whether you’re a casual user posting to earn Snaps, or a DeFi power user seeking meaningful interaction, Spark has something for you — from zero-cost participation to deep lending strategies. ~~~~~~~~ 🚀 Coming Next: How to Use Spark’s Core Modules? In our next article, we’ll break down the actual mechanics of Spark, including: (1) How is yield calculated and distributed? (2) How can users participate — via “zero farming” or “real capital deployment”? (3) What are Spark’s unique innovations compared to other DeFi lending protocols? Stay tuned.