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Futures
Futures
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Alpha Points
NEW
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NEW
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Earn interests with idle tokens
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Auto-invest on a regular basis
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Soft Staking
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Lending Center
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VIP Wealth Hub
Customized wealth management empowers your assets growth
Private Wealth Management
Customized asset management to grow your digital assets
Quant Fund
Top asset management team helps you profit without hassle
Staking
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BTC Staking
HOT
Stake BTC and earn 10% APR
GUSD Minting
Use USDT/USDC to mint GUSD for treasury-level yields
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DeFi protocol Spark has suspended its plan to launch an app and is shifting its focus to institutional liquidity.
PANews November 20 news, according to CoinDesk, DeFi giant Spark has decided to suspend its encryption mobile application development plans and instead focus on DeFi native liquidity infrastructure and institutional trading, such as its recent $1 billion investment in PayPal's stablecoin PYUSD. The CEO of Phoenix Labs, the developer behind Spark, stated that the current market competition is fierce, and the company will focus on its own advantages without blindly expanding into the retail sector. Spark's current TVL exceeds $9 billion, and the app plans may be restarted in the future.