Sparklend has experienced significant inflows of nearly $1.4 billion in deposits over the past two days, despite a security incident involving rsETH that led to substantial outflows from other lending protocols like Aave. Active loans on Sparklend also increased by approximately $350 million during this period.
The Spark team clarified that they had already suspended rsETH and other low-usage assets back in January, ensuring that the recent security incident did not impact their operations.
Sparklend Sees $1.4 Billion Inflows Amid rsETH Security Incident
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
