Spark: Lending Income Statement

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About this Table

F indicates a linear forcast for the rest of the period.

  • Net Interest Revenue is the total interest income less interest expenses. Interest income is generated through lending operations, and interest expenses are a portion of incoming interest paid out to depositors.

  • Non-Interest Income is made up of various fees charded to users for interacting with the protocol:

    • Flash Loan Fees: Fees charged to the user for a flash loan. Currently flash loan fees are set to 0%.

    • Liquidation Fees: Fees charged to liquidators when liquidating a position, equal to a percentage of the value of collateral seized in the liquidation.

  • Non-Interest Expenses

    • Code Licensing: Spark pays Aave quarterly royalties for licencing Aave V3 code.

    • Liquidation Loss: Losses incurred when the liquidated loan value falls below the value of underlying collateral.

  • Total Revenue: Net Interest Income + Non-Interest Income

  • Total Expenses: Total Non-Interest Expenses (Interest expenses are netted out in Total Revenue)