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As we mark our presence in Korea, the team behind Spark's development is gearing up to enlighten with talks and provide support

Dai
Dai
Twitter
31 Aug 2023, 01:35
As we mark our presence in Korea, the team behind Spark's development is gearing up to enlighten with talks and provide support for the @ethconkr hackathon participants. Joining us in Korea? Familiarizing yourself with Spark's fundamentals is a great start. Let's unpack Spark for you: • Meet SparkLend: SparkLend is the next-gen lending platform tailored for DAI users. This product is built on top of Spark Protocol and can be accessed at • What Makes Spark Special?: Spark isn’t just any lending platform. It's the DAI-centric money market protocol powered by Maker, combining the finest liquidity from Maker with a stellar DeFi user experience. • Best DeFi Rates with Predictability: No matter how many times you borrow. No matter how much you borrow. The DAI borrowing rate remains consistent. Currently, there's ~200 million DAI borrowed on Spark at a stable rate of 5%, for all borrowers. • Cross Collateral Positions: With SparkLend, you can deposit high-liquid assets like wstETH, ETH, rETH, and GNO to borrow DAI at a consistent rate straight from Maker. Experience the advantages of cross-collateral positions firsthand. * SparkLend is not available for US and VPN users.