Spark Protocol protocol
Overview
Spark Protocol is a decentralized lending and borrowing protocol built within the MakerDAO ecosystem. It allows users to supply and borrow assets, with a particular focus on DAI and its savings variant sDAI. The protocol is a fork of Aave v3 but incorporates a variable interest rate model linked to the DAI Savings Rate (DSR).
Within the DeFi Intel graph, Spark Protocol connects to 11 tracked entities, most strongly to MakerDAO, Aave V3, Steakhouse Financial.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 10 of 11 total).
| Relation | Connected entity | Confidence |
|---|---|---|
launched_by | MakerDAO | 95% |
forked_from | Aave V3 | 90% |
risk_managed_by | Steakhouse Financial | 90% |
developed_by | Phoenix Labs | 90% |
includes_product | SparkLend | 90% |
competes_with | Aave V3 | 85% |
approved_subdao | MakerDAO | 85% |
deployed_on | Ethereum | 81% |
deployed_on | Gnosis | 81% |
integrated_with | Ethena Labs | 80% |
Frequently asked questions
What is Spark Protocol?
Spark Protocol is a decentralized lending and borrowing protocol built within the MakerDAO ecosystem, forked from Aave V3. It allows users to supply and borrow assets, focusing on DAI and its savings variant sDAI, with a variable interest rate model linked to the DAI Savings Rate (DSR).
Who developed Spark Protocol and who manages its risk?
Spark Protocol was developed by Phoenix Labs and its risk is managed by Steakhouse Financial.
What chains is Spark Protocol deployed on and what product does it include?
Spark Protocol is deployed on Ethereum and Gnosis, and it includes the product SparkLend.
Sources
Spark · Messari: Understanding Spark. Spark was launched by MakerDAO/Sky and developed by Phoenix Labs (founder Sam MacPherson). Verified 2026-07-15.
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