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Deposit & Withdraw From Spark Savings

In this tutorial, you will learn how to deposit and withdraw assets from Spark Savings.

Deposit Savings

  1. To earn yield on your assets navigate to the Savings page at app.spark.fi. Make sure you are connected to the network you wish to use.

Savings Page

  1. To the left, you can see which Savings Vaults are available. Each vault displays its current Annual Percentage Yield (APY). Click on any vault to see more details, such as the collateral composition and supported assets, or to deposit. You can also see the TVL, users, deposit cap and available liquidity in the top bar.

  2. When you select a vault, you'll see:

    • Current and historical rates
    • Yield source and collateral composition
    • Supported deposit assets

Savings Rate

Collateral Composition

  1. To deposit, click the Deposit button for your selected vault.

Deposit Window

  1. In the deposit window, specify:
    • The asset you want to deposit (if the vaults support multiple assets for deposits)
    • The amount you wish to deposit

Note: For assets that require swapping, you can select your slippage tolerance in the UI, and the interface will show the minimum vault tokens you'll receive.

To finalize the deposit, execute the transactions in the Actions section.

  1. Once you complete the transactions, your assets will be deposited and you'll receive vault tokens (e.g., spUSDC, spUSDT, spETH, sUSDS, etc.) representing your share of the vault.

Confirmation: Savings Deposit

  1. Your vault tokens represent your share of deposits in the vault. You need these tokens to withdraw your deposits and accrued yield in the future, so keep them safe in your wallet.

  2. After your deposit, you'll see your balance grow in real time as yield accrues. You can also see your projected earnings in the 1-year Projection section.

Accruing Yield

Withdraw Savings

  1. When you wish to withdraw from a vault, click the Withdraw button for your selected vault. In the withdraw window, specify:
    • The asset you want to receive (from the dropdown)
    • The amount you wish to withdraw

Withdraw from Savings

  1. The UI will show you:
    • The swap route (if applicable)
    • Expected slippage (if any)
    • The minimum amount you'll receive
    • Transaction steps in the Actions section

Note: The Spark Liquidity Layer ensures there is always sufficient liquidity for withdrawals from spUSDC, spUSDT, and spETH. For vaults that utilize the Sky PSM (like spUSDC when withdrawing to USDC), you benefit from 1:1 swaps with no slippage beyond gas fees.

  1. Execute the transactions in the Actions section. Once complete, your vault tokens will be burned and you'll receive your specified asset along with all accrued yield.

Confirmation: Withdrawal from Savings