Spark Liquidity Layer Records Negative $810,000 in Q2 Net Returns

Spark Liquidity Layer (SLL) averaged $2.56 billion in allocated capital during the second quarter, but the decentralized finance (DeFi) system recorded negative $810,000 in net protocol returns. Funding costs associated with the expansion of Spark Savings’ USDT market were the primary driver of the negative result. Gross returns totaled $35.50 million, and the average gross yield was 5.6% for Q2. The captured spread was negative 0.13%, down from 0.64% in Q1. SLL carried the USDT market’s funding costs within the layer, contributing to the gap between gross returns and the net result.

Source: TokenPost