Spark Savings Boosts USDT Vault Yield to 3.5%

Spark Savings has increased the annual percentage yield (APY) on its USDT vault to 3.5%, up from 3.25%. This change marks a roughly 8% improvement in the rate offered to stablecoin depositors using the protocol.

The adjustment is visible on the Spark Finance app and affects a vault holding somewhere in the range of $340 million to $361 million in total value locked, which would translate to millions of additional dollars flowing to depositors annually.

Spark Savings is a product within the broader Spark protocol, which sits inside the Sky ecosystem. Users deposit USDT and receive spUSDT vault tokens in return, which accrue yield over time.