FILTERED RESULTS
FILTERS
Ads Top
DARK MODE
CHART
MCap $2.8T -3.2%24h Vol $99B -100%Fear & Greed 71/100Alts Index 59/100
BTC.D 59.4% +0.6%Stable.D 9.4% +0.3%ETH.D 11.1% -0.2%Others.D 20.1% -0.7%
BR$0.5699+42.61%•NMR$16.698+39.73%•CAP$0.0872+18.36%•CARDS$0.2911+13.77%•ORCA$2.864+12.83%•SAND$0.0729+10.25%•RAY$2.260+3.85%•STX$0.3939+3.77%•AIOZ$0.1141+3.31%•PONS$0.4060+3.11%•
MINA$0.0988-24.43%•CASHCAT$0.1315-13.98%•OP$0.1202-11.05%•UNI$7.986-10.24%•EGLD$4.083-10.17%•FIL$1.056-10.06%•STONK$0.1891-9.99%•IOTA$0.0532-9.94%•PYTH$0.0721-9.9%•MNT$0.5789-9.85%•
Top movers 24h
    Filters
      Coins
      Sentiment
      Impact
      Search
      FILTERED RESULTS

        

      Upgrade your plan
      Dashboard

      Spark Savings USDT Vault Sees Rapid Growth to $600 Million

      The Spark Savings USDT vault has experienced a significant increase in deposits, nearly doubling to $600 million within a two-week period. This surge is attributed to a recent integration with the OKX app, which streamlined the process for users to earn yield on their USDT holdings without the usual on-chain complexities.

      The vault operates as a non-custodial platform, allowing users to maintain control of their funds through smart contracts. When users deposit USDT, they receive a vault token known as spUSDT, representing their share of the pool. The vault is backed 1:1 by USDS and utilizes the Spark Liquidity Layer to facilitate lending activities, which generate variable yields for users.

      Despite the rapid growth in deposits, the annual percentage yield (APY) for the USDT vault has seen a decline from earlier peaks above 4%, currently reported between 3% and 3.75%. This trend is typical in lending pools, where increased deposits can lead to lower returns as the same pool of borrowers is shared among more funds. The integration with OKX has been credited with enhancing user engagement and accessibility, allowing users to earn on-chain yield directly within the exchange's app.

      Spark Savings has emphasized its commitment to maintaining conservative liquidity buffers and risk parameters, which were tested during a market incident in April 2026. While the non-custodial nature of the vault offers users control, it also entails risks associated with smart contracts and the underlying collateral, distinguishing it from traditional banking systems.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

      .

      Terra Founder Do Kwon Sentenced to 15 Years in Prison for Fraud