Spark (@sparkdotfi)
@sparkdotfi
⚡️Powering DeFi with +$4B in liquidity. Supply/borrow/earn with competitive rates, seamless access, & scalable liquidity. Institutional grade defi for everyone.
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SparkLend’s wBTC deposit cap is increasing from 3,000 to 30,000 wBTC.
Since launch, the initial cap has been nearly fully utilized. Demand for BTC-backed borrowing on a second on-chain venue was real, and it came fast!
This increase is managed through the cap automator mechanism. In practice, new capacity will open at up to 500 WBTC every 12 hours, scaling exposure gradually rather than all at once.
Put your wBTC to work on SparkLend.
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