Spark ETH

Spark ETH (spETH) is a Spark Savings V2 Vault that utilizes the Spark Liquidity Layer to generate yield through different yield-generating strategies. The spETH token enables users to receive returns while still being able to transfer, stake, lend and use it in any way they want. You can find an overview of supported networks and token addresses below.

spETH increases in value over time, as its ETH denominated value gradually increases. spETH is an accumulating token, not a rebasing token.

How it works

• 90% of deposits are allocated through the Spark Liquidity Layer into yield-generating strategies
• The remaining 10% stays in the contract as liquidity for instant withdrawals
• The Spark Liquidity Layer ensures there is always ample liquidity for deposits and withdrawals

Yield Source

The vault earns lending yield from SparkLend's WETH market, where borrowers pay interest to access ETH liquidity.

Rates are managed by Spark Governance and may be adjusted frequently—potentially multiple times per day—to reflect current market dynamics due to the smaller vault size and more dynamic lending markets.

You can always find the current rate on the Savings page in the Spark App.

Liquidity

The Spark Liquidity Layer ensures sufficient liquidity for deposits and withdrawals.

Acquiring spETH

To acquire spETH you can deposit ETH or WETH into the Spark ETH Vault using the Spark App. See the Earning Savings for a guide on how to deposit.

Supported Networks and Token Addresses

Integrating Savings Vaults

For technical documentation on the spETH implementation and how to integrate please refer to the Spark Vaults V2 Developer Documentation.