Market
Spark · Mainnet
Frequently Asked Questions
What is the current APY for Market?
The current spot APY for Market on Spark (Mainnet) is 2.69%. The 30-day average APY is 2.94%. All figures exclude external token rewards and are calculated from on-chain exchange rates only.
How much total value is locked in Market?
The total value locked (TVL) in Market is $105.6M. TVL measures the total USDT assets currently deposited in this vault.
Does the Market yield include token rewards?
No. Earnbase tracks on-chain APY only, derived from the vault's exchange rate changes over time. External incentives, token rewards, points programs, and liquidity mining bonuses are not included in the reported APY.
Which network is Market deployed on?
Market is deployed on Mainnet. Network choice affects transaction costs, settlement speed, and which protocols are available. On-chain APY figures on Earnbase are calculated from exchange rate data on Mainnet directly.
Compare with Other USDT Strategies
| Strategy | Platform | Network | APY | TVL |
|---|---|---|---|---|
| DeltaUSD | Lagoon | Mainnet | 9.84% | $1.1M |
| Wintermute Trading (Private Credit) | Wildcat | Mainnet | 9.25% | $138.5K |
| K3 Leveraged syrupUSDT Strategy | IPOR Fusion | Mainnet | 6.52% | $59.7K |
| DAMM Stablecoin Fund | Lagoon | Arbitrum | 5.19% | $1.7M |
| Lend | Flux Finance | Mainnet | 4.58% | $1.7M |
| Lending Optimizer | IPOR Fusion | Mainnet | 4.46% | $304.4K |
| Derivatives Pool | IPOR Fusion | Mainnet | 4.07% | $130.7K |
| USDT Lite | Morpho | Mainnet | 3.25% | $26.4K |
| USDT Prime V2 | Morpho | Ethereum | 2.97% | $502.7K |
| Smokehouse USDT | Morpho | Mainnet | 2.91% | $26.4M |
More Spark Strategies
Market
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Yield Overview
Market is a USDT yield strategy on Spark (Mainnet). It currently generates 2.69% APY (24h) with a 30-day average of 2.94%. The vault holds $105.6M in total value locked. APY is derived from the vault's on-chain exchange rate and does not include external incentives.
Spark · Mainnet
Market Benchmarking
Within the USDT ecosystem, this product ranks #12 out of 25 strategies. Its 2.69% yield is 11.8% lower than the market average of 3.05%.
How Market Compares
Market currently ranks #12 among 25 monitored USDT strategies. However, with a TVL of $105.6M, it holds significantly less capital than higher-TVL alternatives like V3 ($396.9M).
Ecosystem Context
Positioned within the Mainnet ecosystem, this product's yield is 10.2% lower than the network average for USDT strategies. By TVL, this product ranks #4 of 22 USDT strategies on Mainnet.
About Spark
Spark is a DeFi protocol offering yield strategies tracked by Earnbase. Earnbase tracks 1 strategy on Spark.
USDT on Mainnet#10 of 22
Yield Sustainability
The 24h APY of 2.69% is nearly identical to the 30-day mean, with only a 8.5% variance. This level of consistency is uncommon in DeFi and reflects a mature, well-calibrated yield source with predictable returns.
Yield Trajectory
Market recorded a 24h APY of 2.69% in the most recent data point. Over the past 30 days, the product delivered positive yields on 30 out of 30 days. Week-over-week, yields have declined by 16.5%. The strongest 7-day period was May 05–May 11 averaging 3.22%, while the weakest was May 12–May 18 at 2.69%. Current 24h APY of 2.69% is 9.0% below the product's own 30-day average.
Weekly yields have declined for 1 consecutive week. The most recent 7-day average stands at 2.69%.
Weekly Breakdown
Historical APY Statistics
Over the past 165 days, Market's yield has shown a downward trend, with yields compressing from 3.37% to 2.62%, a 22.3% decline. The sustainability score of 90/100 aligns with a period of relative yield stability.
Historical TVL Statistics
Over the past 165 days, Market's total value locked has experienced a growth phase, growing from $66.9M to $115.3M, a 72.3% increase.
History
FAQ
Yield & Performance
Market on Spark offers a 24-hour APY of 2.69%, a 30-day average of 2.94% on USDT. Yields are variable and update daily based on protocol activity.
Market ranks #12 out of 25 monitored USDT strategies. Its current yield of 2.69% is 11.8% below the market average of 3.05%.
Earnbase rates the yield sustainability of Market at 90/100, classified as "Very Stable". The 24h APY of 2.69% is nearly identical to the 30-day mean, with only a 8.5% variance. This level of consistency is uncommon in DeFi and reflects a mature, well-calibrated yield source with predictable returns.
Over the past 165 days, Market has shown a downward yield trajectory. The average APY moved from 3.37% to 2.62%.
Market has a yield volatility rating of "Moderate" (standard deviation: 0.87pp over 165 days). The APY has ranged from 1.46% to 6.78% in the tracked period, with an average of 2.75%.
Liquidity & TVL
Market currently has a total value locked (TVL) of $105.6M in USDT deposits.
Market holds $105.6M in USDT deposits. Across all 25 tracked USDT strategies, deposits range widely depending on the protocol and curator reputation. This vault's TVL of $105.6M places it within the broader spectrum of USDT opportunities tracked on Earnbase.
By total value locked, Market ranks #4 of 22 USDT strategies on Mainnet. It currently holds $105.6M.
Market's TVL is currently on an upward trajectory. Over the past 165 days, TVL moved from $66.9M to $115.3M, a +72.3% change. The 30-day high was $234.0M and the 30-day low was $7.6M.
Yields are declining as more capital enters the vault, a common dynamic where increased deposits dilute per-depositor returns. In general, rising TVL in a lending vault can compress yields as more capital competes for the same borrow demand.
Over the past 30 days, Market had 17 days of inflows and 12 days of outflows. The largest single-day inflow was +$87.3M (May 20, 2026) and the largest outflow was -$110.7M (May 09, 2026). Net 30-day TVL change: +31.9%.
Strategy & Access
Market operates on the Mainnet network and is managed by Spark. It accepts USDT deposits.
To deposit into Market, you need USDT tokens on the Mainnet network. Visit the Spark platform directly to connect your wallet and make a deposit.
Market ranks among 22 monitored USDT strategies on Mainnet. Its yield of 2.69% is 10.2% below the Mainnet average of 2.99%.
Market is deployed on Spark's vault infrastructure. Fee structures are set at the protocol and curator level. Consult the vault directly for current performance and management fee rates.
Spark is the DeFi protocol infrastructure that Market operates on. It provides the smart contract layer for deposits, withdrawals, and strategy execution on the Mainnet network.
For illustrative purposes only. Based on the current 2.69% on-chain APY for USDT. Does not include external incentives. Past performance does not guarantee future results. Actual returns may vary.
This page provides informational data aggregated from on-chain sources and is not financial advice. Always verify data directly with Spark before depositing.
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