Lending Markets

Overview

Financials

Includes the total value of outstanding loans, available liquidity eligible to be loaned, collateral, and accrued interest. Spark collateral is rehypothocated and non-specific, therefore we can not distinguish between supply and dedicated collateral.

Aggregate value of all supply and collateral deposited into Spark.

Spark: Deposits Balance

Includes the value of interest accrued on outstanding loans.

Aggregate value of all outstanding loans.

Spark: Outstanding Loans

Represents the new flow of capital deposits into and out of Spark over a given period. 

Net deposits flowing in and out of SparkLend.

Spark: Net Deposit Flows

Represents the net flow of loan capital per period. **Issuance** is the initiation of a new loan or increase in the size of an existing loan. **Repayment** is the decrease or complete repayment of an existing loan.

Difference between new loans and repayment over a period. 

Spark: Net Loan Issuance / Repayment

At the token level the utilzation rate is calculated by dividing the value of outstanding loans in a token, by the total supply (deposits) of that same token. 

For aggreate utilization at the overall and chain levels, supply is assumed to be 1/2 of the total deposits, since at any time the value of supply must be fully collateralized. This is a necessary assumption, since Spark does not differentiate between supply and collateral in its internal accounting. 

Percentage of total supply that is actively on loan. 

Spark: Utilization Rate

The collateralization ratio indicates the extent to which outstanding loans are backed by deposited collateral. A higher ratio suggests greater security for lenders. 

Here the total value of collateral is assumed to be the value of total deposits less the total value borrowed. 

Total value of collateral / total value borrowed.

Spark: Collateralization Ratio

Rates are displayed as the APY for each asset at the end of the period. 

Annual percentage yield depositors receive for supplying assets on Ethereum.

Spark: Supply APY

Annual percentage yield borrowers pay to borrow assets on Ethereum.

Spark: Borrow APY

- **Deposits:** Total value of all deposits made to SparkLend. Deposits consist of both *Supply* and *Collateral*. 
- **Loans:** Total value of all outstanding loans, including accrued interest. 

Spark: Total Deposits and Loans 

Based on the last 30 days.

Spark: Recent Activity

Flash loans are a tool that allow users to borrow assets for the duration of a single blockchain transaction. 

Aggregate value borrowed using flash loans. 

Spark: Flash Loans

A loan becomes eligible to be liquidated when the loan-to-value ratio falls below a specified threshold. 

Liquidations are displayed as the value of loan repaid.

Spark: Liquidations

Funding and M&A

Centralized Exchanges

Decentralized Exchanges

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Spark: Lending Markets