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Benefit from Spark’s DeFi opportunities, using Kiln’s infrastructure
Spark
What is Spark?
Spark is a decentralized finance (DeFi) platform within the DAI ecosystem, created by the MakerDAO community. It allows users to deposit DAI to earn rewards, borrow DAI using various crypto assets as collateral, and access other financial services.
Spark connects multiple DeFi protocols to maximize the utility of DAI, offering features like lending, reward-bearing stablecoins, and direct liquidity for protocols. The platform aims to enhance financial opportunities and solve global coordination problems through an open-source financial system.
Why bringing DeFi to your users?
After staking, DeFi is the next source of digital asset rewards. Stablecoins are a $170 billion market and growing, but less than 4% of stablecoins natively earn interest for holders. In comparison, over 50% of PoS and dPoS assets are staked.
Kiln DeFi is the tech stack that enables integrators to seamlessly support and monetize DeFi in any Web3 product.
DeFi is the next step in your crypto earn offering after supporting staking. Diversify your rewards opportunities and benefit from service fees on your users’ stablecoin rewards.
Kiln Defi is:
- 1100% onchain
- 2Seamless
- 3Control your own pricing
How can you offer Spark rewards with Kiln DeFi?
💡 You can start monetize Spark’s opportunities in less than a week with Kiln DeFi.
To start offering Spark DeFi rewards with Kiln, follow these steps:
- Deploy your custom Kiln DeFi vaults
- Integrate in your UI in less than a week (see docs)
- Your users start earning supply rewards
Reach out to us if you need help to integrate Kiln DeFi.
What are the rewards associated with DeFi?
In the context of Decentralized Finance (DeFi), “rewards” refers to the earnings that a user receives from supplying or lending their assets a DeFi protocol such as Spark. DeFi platforms facilitate peer-to-peer lending and borrowing through smart contracts on blockchains like Ethereum.
In DeFi protocols like Spark, supply rates fluctuate mainly based on borrowing utilization. Higher borrowing demand increases supplier reward rates. Additional incentives and market volatility also impact these rates. Economic conditions, such as bull or bear markets, influence activity levels, with higher activity boosting yields and lower activity reducing them.
From 2.5% APY in a bear market to 22%+ during peak market activity, DeFi rewards like Spark’s can drive a significant additional source of rewards for integrators.
Why should you use Kiln DeFi to offer Spark rewards?
Kiln is the leading enterprise-grade staking platform, enabling institutional customers to earn rewards on their digital assets or integrate our tech stack into their products. The API-first platform supports fully automated rewards, data, and commission management.
With Kiln DeFi, our clients seamlessly access a wide range of protocols like Spark and assets without having to build commercial agreements and integrating different deposit/withdraw flows for each DeFi protocol.
Gain control with comprehensive reporting and monitoring of your Spark DeFi positions, rewards, and audited smart contracts.
Learn more about Kiln DeFi
Protocol card
Supported assets
DAI, USDC, USDT
Supported EVMs
Ethereum, Gnosis Chain
APR
up to 6%
TVL
$2.8B
Spark FAQ
What is Spark?
Spark is a decentralized finance (DeFi) platform within the DAI ecosystem, created by the MakerDAO community. It allows users to deposit DAI to earn rewards, borrow DAI using various crypto assets as collateral, and access other financial services.
What stablecoins or tokens are supported on Spark with Kiln DeFi?
Kiln DeFi is currently integrated into Spark sDAI and only supports the DAI.
What are the rewards associated with Spark and Kiln DeFi?
Reward rate is set by Maker Governance and is subject to change. Check directly with Spark for the latest rates.
Is there a minimum amount of assets to deposit on Spark?
You can deposit any amount you wish, with no minimum or maximum limits. However, it's important to note that for very low amounts, the transaction costs may exceed the expected earnings.
Do the end users of the integrator maintain custody of their assets when depositing on Spark?
No, supplying on Spark means you will deposit your assets into their smart contract but only you have the right to withdraw your assets
Is there a lockup period when lending assets on Spark?
No, you can withdraw your assets at any time. There are no liquidity limitations like those in other lending protocols.
How do I get started with Kiln DeFi?
Contact your account manager or complete our form to begin the Kiln onboarding process and access our suite of solutions.