According to the Twitter announcement, the first version of the Spark Protocol will act as a “lending marketplace,” providing users with supply and borrowing features for cryptocurrencies such as Ether (ETH), staked Ether (stETH), DAI (DAI), and staked DAI (sDAI). The platform is specifically designed for DAI and aims to provide users with access to competitive interest rates.
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Source: Cryptocurrency - investing.com
