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SparkLend Reports $11.95 Million USDT Available With Utilization Near 96%
(4 hours ago) · 1 source · Summarized by CryptoBipto
SparkLend, a decentralized lending protocol, currently has approximately $11.95 million in USDT available for borrowing, with its overall utilization rate sitting near 96%. The high utilization rate indicates that most of the USDT deposited into the protocol is currently being borrowed.
WHY IT MATTERS
In decentralized lending, people deposit crypto into a shared pool so others can borrow it.
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SOURCES
- thedefiant.io
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