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Spark

Last updated: Jun 03, 2024

Spark is a DeFi super app on the Fuel.network, revolutionizing financial services with its integrated suite of offerings including perpetual contracts, an order book, as well as lending, borrowing features.

Pre-Seed Round: $1.5 Million

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Overview

Project industry	Exchanges & Wallets / DeFi / Layer-2 / Protocol / EVM
Product type	DeFi
Whitepaper	Open

What is Spark

Spark V1 introduces a multicollateral cross-margin system for its perpetual contracts, supporting deposits of diverse assets and implementing sophisticated liquidation protocols to ensure trading flexibility and risk management.

Key features of Spark V1:

High Performance Order Book: Support for longing/shorting Perpetual Contracts with up to 2000 TPS.
Cross-Margin and Liquidations: Enhanced margin and liquidation mechanisms, including partial liquidations and dynamic funding rates.
Advanced Risk Management: A robust risk engine and insurance fund to prevent bad debt within the protocol.
Developer Tools: Comprehensive SDKs and APIs for non-custodial interaction with our order book, facilitating integration and innovation.
Multicollateral Support: Margin logic that accommodates the deposit of multiple assets, enhancing trading flexibility and risk distribution.