{"id":17447,"date":"2023-02-09T14:14:13","date_gmt":"2023-02-09T14:14:13","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/makerdao-to-launch-spark-lending-platform-to-rival-aave\/"},"modified":"2023-02-09T14:14:13","modified_gmt":"2023-02-09T14:14:13","slug":"makerdao-to-launch-spark-lending-platform-to-rival-aave","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/makerdao-to-launch-spark-lending-platform-to-rival-aave\/","title":{"rendered":"MakerDAO to launch Spark lending platform to rival Aave"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1675944852243-516c097b-0843-4d68-a88a-2f68ee8c70ab-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1675944852243-516c097b-0843-4d68-a88a-2f68ee8c70ab-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1675944852243-516c097b-0843-4d68-a88a-2f68ee8c70ab-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1675944852243-516c097b-0843-4d68-a88a-2f68ee8c70ab-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>Aave, a crypto lending platform, is currently one of Ethereum\u2019s largest DeFi products.<\/li>\n<li>MakerDAO, on the other hand, facilitates the generation of DAI stablecoin.<\/li>\n<li>MakerDAO is planning to launch a crypto lending platform called Spark Lend to rival Aave.<\/li>\n<\/ul>\n<p>MakerDAO, the DAO of the giant decentralized finance (DeFi) protocol <a href=\"https:\/\/coinjournal.net\/maker\/what-is-maker\/\">Maker <\/a>and the facilitator of the generation of DAI stablecoin has unveiled its plans to launch a crypto lending platform to rival the <a href=\"https:\/\/coinjournal.net\/aave\/what-is-aave\/\">Aave\u00a0<\/a>lending protocol.<\/p>\n<p>The plan to launch Spark Protocol was announced on <a href=\"https:\/\/forum.makerdao.com\/t\/announcing-phoenix-labs-and-spark-protocol\/19731\">MakerDAO Forum<\/a> alongside the announcement to launch Phoenix Labs.<\/p>\n<h2>Spark Protocol<\/h2>\n<p>Spark Protocol is a fork of Aave v3 and will be a front-end app allowing users to interact with the DAI stablecoin by staking, borrowing, and lending. News about the Spark Protocol comes after months Aave, which has a total value locked (TVL) of about $4.6 billion, announced its own generated stablecoin, the GHO.<\/p>\n<p>Since its inception in 2017, MakerDAO has sourced its revenue from the issuance of DAI and the development of a dedicated lending protocol represents a shift in the DeFi protocol\u2019s focus.<\/p>\n<p>MakerDAO has formed Phoenix Labs, a research and development company tasked with the development of the Spark Protocol.<\/p>\n<h2>etherDAI deployment<\/h2>\n<p>Besides Spark Protocol, MakerDAO has also announced the deployment of etherDAI, which will be a synthetic liquid staking derivative of Ether (ETH) pegged to <a href=\"https:\/\/coinjournal.net\/ethereum\/\">ETH <\/a>on a ratio of one-to-one.<\/p>\n<p>Liquid staking will allow users to get extra yield besides the standard staking rewards for staking tokens on MakerDAO.<\/p>\n<p>At press time, the <a href=\"https:\/\/coinjournal.net\/maker\/\">price of Maker (MKR<\/a>), the native token of Maker had risen by 1.13% over the past 24 hours showing some positive response to the news about the Spark Protocol.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/makerdao-to-launch-spark-lending-platform-to-rival-aave\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Aave, a crypto lending platform, is currently one of Ethereum\u2019s largest DeFi products. MakerDAO, on the other hand, facilitates the generation of DAI stablecoin. MakerDAO is planning to launch a crypto lending platform called Spark Lend to rival Aave. MakerDAO, the DAO of [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":17448,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/17447"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=17447"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/17447\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/17448"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=17447"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=17447"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=17447"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}