SPARK

SPARK

DeFi super app on Fuel.network offering perpetual contracts, order book trading, and lending/borrowing features with advanced risk management. Learn more

Launch date
Market cap
-
Enterprise valuation
€5—8m (Dealroom.co estimates May 2024.)
Lisbon Lisbon (HQ)

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DateInvestorsAmountRound
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$1.5m

Seed
Total Funding€1.4m

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Spark is a decentralized finance (DeFi) super app operating on the Fuel.network, designed to revolutionize financial services with a comprehensive suite of offerings. The platform caters to sophisticated traders and investors, providing tools for earning yield, trading spot and perpetual contracts, and building advanced trading strategies. Spark's market includes individual traders, institutional investors, and developers seeking robust financial solutions and integration capabilities.

The business model revolves around facilitating non-custodial trading and financial interactions through permissionless smart contracts. Spark generates revenue through transaction fees, lending and borrowing interest, and other financial services provided on its platform. The platform's high-performance order book supports up to 2000 transactions per second (TPS), ensuring efficient and fast trading experiences.

Key features include a robust risk engine and insurance fund to prevent bad debt, cross-margin and liquidation mechanisms, and support for multiple collateral types. Additionally, Spark offers comprehensive software development kits (SDKs) and application programming interfaces (APIs) for developers to integrate and innovate with the platform's order book.

Spark's advanced risk management system includes partial liquidations and dynamic funding rates, enhancing trading flexibility and risk distribution. The platform's multicollateral support allows users to deposit diverse assets, further optimizing their trading strategies and risk management.

Keywords: DeFi, Fuel.network, perpetual contracts, order book, lending, borrowing, risk management, multicollateral, non-custodial, high-performance.