01 /
Brief
Sky ecosystem capital allocator. $5.2B TVL. Largest DeFi capital allocator into tokenized treasuries.
02 /
Snapshot
Key terms and identifiers.
- Asset classes
- Treasuries, Private credit
- Token standards
- erc-20, eip-4626
- Analytics
- defillama.com/protocol/spark
03 /
Milestones
How this player got here.
- Feb 2025Crossed $1.5B TVL
- Jul 2024Launched Spark Lend on Morpho
04 /
Connections
Who they build with, build on, integrate with.
Flow
Capital, products, and distribution moving outward.





