Spark
Lending · Sky family — Sky sub-protocol. SparkLend and sUSDS.
AI review
AI assessment
updated 4h ago·Claude (preview)·previewSpark is a lending protocol in the Sky family. 9 of 16 risk feeds in the registry report on it. 1 sourced incident on record. No material change has been detected in the current window.
- Governance: Sky (Maker) governance → Spark SubDAO (SparkLend is an Aave v3 fork) governance
- 9 of 16 feeds report on Spark. coverage
- Most recent recorded event: Kelp rsETH bridge exploit — markets paused. incident
AI-generated summary of facts already in this registry — not a Rails assessment, not a risk score, and not a ranking. Per the project charter, the registry never produces its own composite risk judgement. Verify every point against the linked sources below. This is an illustrative preview of a proposed feature; the content is not live.
Feeds
How feeds see it
Seen through 3 of 4 methodology lenses (rating, dashboard, monitoring). A neutral view of who is looking and how — not a risk judgement.
Governed via Sky/Spark proxy; loss-of-funds upgrades lack a ≥7-day exit window or sufficient Security Council.
On-chain risk dashboard for SparkLend markets: rates, liquidations, collateral exposure.
5-dimension AI-consensus (Control / Exit / Autonomy / Open Access / Verifiability); spot-check pending.
Per-vault credit ratings on Spark Savings Vaults (e.g. Savings USDS A-, Staked USDS B+) with probability-of-significant-loss.
Deterministic vault scores; e.g. sUSDS 8.38, Spark wstETH 8.71.
Vault analytics and risk-adjusted yield across 50+ protocols; exploits, concentration, risk-adjusted APY. Paid structured API.
View sourcePosition-management tooling: live loan-health / safety-ratio tracking and automated liquidation protection for leveraged positions.
View sourceLive per-pool risk grade (TVL/APY stability, liquidity, Lindy checks).
Vault-level risk monitoring for Morpho curators: allocation risk and curator behavior.
View sourceProtocol risk research and parameter recommendations; collateral and governance risk.
Independent risk rating for DeFi vaults; 300+ subscores across 85+ mechanisms. Open-source.
DAO governance-capture risk: delegate/voting-power concentration, cost-to-attack vs. treasury value, and proposal/power-shift monitoring across major DAOs. Open-source.
Risk ratings (A–F) decomposed into protocol, asset, chain, and pool risk across DeFi yield pools. Open whitepaper methodology. (Standalone product migrated into YO Protocol in 2026 — ratings shown are pre-migration samples.)
Process Quality Reviews (PQR): documentation, testing, audits, and admin-key practices scored 0–100. Transparency-of-process, not market risk.
Agent-based economic simulation: insolvency prevention, parameter optimization, and risk-scenario analysis for lending markets.
Edge risk oracles and economic-risk dashboards: real-time parameter automation and scenario stress for lending markets (active on Aave, GMX, Pendle).
Governance
Governance at a glance
- Governance
- DAO (Sky / Maker)
- Core contracts
- Upgradeable
- Pause capability
- Yes
Structural facts, distilled from the sourced control records below — neutral capabilities, not a risk score.
| Governance | |
| Upgradeability | |
| Admin control | |
| Timelock |
Incidents
SparkLend paused its rsETH markets in the same window as the Kelp DAO rsETH exploit. It subsequently saw large deposit inflows as users rotated out of affected venues.
Material risk events, presented verbatim from cited sources — not a Rails assessment.
Audits
| Auditor | Date | Scope | |
|---|---|---|---|
| ChainSecurity | — | SparkLend Core Updates (Spark-specific changes on Aave v3) | Report |
| ChainSecurity | — | SparkLend Advanced (capped/fixed-price oracles) | Report |
| ChainSecurity | — | SparkLend Cap Automator | Report |
Representative public audits, attributed and linked to source — not a Rails assessment, and not a completeness or safety guarantee.