Dear Users,
BingX Spot will be listing Spark (SPK). Details are as follows:
• SPK Deposit Time: 2025-06-17, 03:00:00 (UTC+0)
• SPK Trading Time: 2025-06-17, 09:00:00 (UTC+0)
• SPK Withdrawal Time: 2025-06-19, 09:00:00 (UTC+0)
Supported network for the aforementioned asset include: ERC20
What is SPK?
Spark is a DeFi lending protocol centered around the DAI stablecoin.Spark consists of three main product categories: Savings: Earn savings on your stablecoin holdings. SparkLend: The USDS and DAI centric money market protocol. Combining the best liquidity directly from Sky and vertically integrating with the best DeFi protocols. Spark Liquidity Layer: Direct liquidity provision into DeFi markets.Spark was created to solve a structural problem that has existed since the inception of DeFi: fragmented liquidity, unstable yields, and idle stablecoin capital left underutilized across chains and protocols. Despite years of growth, this issue remained unsolved. Spark operates as a two-sided capital allocator: On the ecosystem side, it borrows from Sky's $6.5B+ stablecoin reserves and deploys capital across DeFi, CeFi, and RWAs. This provides deep, consistent liquidity while earning risk-adjusted yield at scale. On the user side, Spark packages that yield into accessible products like sUSDS and sUSDC, giving users seamless access to onchain, programmable income that is diversified, fee-free, and composable. Rather than competing with other protocols, Spark powers them. It's not just another DeFi app, it is the core liquidity and yield infrastructure layer for onchain finance.
Investment Risk Warning:
Cryptocurrencies are highly volatile and subject to various risks, including market, project, technical and compliance-related uncertainties. Therefore, you may experience potential investment losses due to high volatility and various risks associated. Exercise caution, stay informed on the potential risks and invest prudently.
BingX remains committed to providing an enhanced trading experience and services. Thank you for your continued support and understanding.
Note:
1. Please make sure that the selected chain or network on BingX is consistent with the platform you're performing the withdrawal or deposit to avoid unnecessary losses.
2. The platform will automatically adjust the relevant parameter limits for spot trading based on market liquidity. If you have any questions, please contact our 24/7 online support.
3. The listing time specified in the announcement is for reference only. We will open the trading service once the deposit requirement for the above asset is met. The actual opening time shall prevail.
BingX Operation Team
2025-06-17
BingX Official Channels
Risk Disclaimer
Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material is for reference only and should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BingX is not responsible for any losses you may incur.
BingX attaches great importance to compliance and strictly abides by local regulations. Please obey local laws and regulations in your country or region. BingX reserves the right in its sole discretion to amend, change, or cancel this announcement at any time and for any reason without prior notice.