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Spark: Tightening collateral scope leads to business loss but ensures liquidity safety

MeNews
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Abstract generation in progress
ME News Report, April 20 (UTC+8), Spark strategy lead monetsupply.eth posted on the X platform stating that Spark has maintained a high lending cap interest rate for the SparkLend ETH market. Although this has led to user loss to Aave and a decline in business and revenue, the current market liquidity crisis has validated the strategy's correctness. Now, Aave's liquidity across multiple chain markets is nearly exhausted, with ETH lending utilization reaching 100%, affecting normal deposit withdrawals and ETH collateral liquidations. He warned that if liquidity remains tight and ETH prices drop by 15%-20%, Aave could face a large-scale bad debt risk, especially compounded by the impact of the rsETH vulnerability incident. (Source: MLion)
SPK3.57%
ETH-2.08%
AAVE-0.48%
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