Just realised @sparkdotfi is quietly becoming DeFi's liquidity backbone. > $7.35B TVL > $72.6M annualized fees > $6.15M monthly revenue > Savings product alone holds $2.4B (sUSDS grew 42% of total deposits) Spark Liquidity Layer connects to everything. At 6.94% APY on $3.6B in liquidity. Spark is quietly powering half of DeFi's lending infra. + SparkLend has $1.14B allocated + Morpho takes $1.01B, Ethena uses $950M + Even BlackRock is tapping in Four ways to earn right now👇 1/ Deposit USDS for 15% APY in SPK tokens 2/ Stake SPK for Overdrive rewards (airdrop recipients only) 3/ USDS farm pool (ends Sept 25) 4/ Legacy USDS pool for points (ends Aug 14) The flywheel is simple. Deposit USDC → Farm $SPK → Stake for points → Use points in partner protocols Also now @coinbase users can now borrow USDC against their Bitcoin. Here’s how it works👇 > @MorphoLabs handles the loan protocol > @coinbase provides the app interface > @sparkdotfi supplies the USDC The setup is modular. Any exchange or wallet can plug into Spark's liquidity pool to offer similar loans. No need to build from scratch. @sparkdotfi’ USDC supply hit $600M since January. Shows people want onchain loans without selling their BTC. SSL automatically sends funds when someone needs a loan. No middleman approval process. This is just three protocols doing what they're good at, working together. That revenue/mcap ratio won't stay disconnected forever. NFA