CoinsSparkWed 4 Nov, 14:27:19

SparkLend USDS borrowing surpasses $1B, driven by ETH and cbBTC collateral

Summary

Written by Decryptr from the source

Spark says USDS borrowing on SparkLend crossed $1B, up to ~5x from $200M a year ago. It attributes ~$800M to ETH collateral and ~$120M to cbBTC, with USDS ~40% of total borrowing.

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Spark, 4 hr ago.

Not financial advice. Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.