SparkLend vs Aave
SparkLend uses Aave V3 smart contracts under Sky governance. It focuses on assets relevant to the Sky ecosystem — DAI, USDS, ETH, stETH — and may offer promotional borrow rates for USDS.
Step-by-step
- 01
Connect wallet
Open app.spark.fi on Ethereum mainnet. Connect MetaMask or Rabby.
- 02
Supply assets
Choose Supply, select an asset (e.g. USDC), enter amount, and confirm. You receive spTokens representing your deposit plus accrued interest.
- 03
Borrow (optional)
Enable an asset as collateral, then Borrow against it. Monitor health factor — below 1.0 triggers liquidation.
Frequently asked questions
Is SparkLend the same as Aave?
SparkLend is a fork of Aave V3 governed by Sky Protocol, not Aave DAO.
What is sUSDS?
sUSDS is savings USDS at sky.money — it pays the Sky Savings Rate independently of SparkLend.