CryptoReview
Submit listing

Compound vs Spark

How Compound vs Spark compare on our ratings, lending protocol specs, funding, pros and cons.

Compound4.0/5
VS
Spark4.0/5
Feature
CompoundVisit
SparkVisit
Ratings
Our score4.0/54.0/5
User ratingNo reviews yetNo reviews yet
Security & track record4.54.5
Rates4.04.0
Market depth3.54.5
Ease of use4.04.0
Decentralization4.03.0
Specs
KYC required No No
Lending modelIsolated marketsPooled
ChainsEthereum, Arbitrum, BaseEthereum
Main collateral assetsETH, WBTC, USDC, USDTETH, wstETH, USDC, USDT, PYUSD, USDS
Flash loans No Yes
Permissionless markets No No
Audited Yes Yes
Bug bounty YesNot disclosed
Governance tokenCOMPSPK
Isolated markets Yes Yes
Real-world-asset collateral No Yes
Own stablecoin No No
RatesVariableFixed
Company
Founded20172023
Headquarters——
InvestorsDragonfly, Polychain Capital, a16z cryptoNot disclosed
Strengths and weaknesses
Pros
  • Audited by OpenZeppelin and ChainSecurity with a $1M bug bounty
  • Processed $480B in all-time deposits and borrows since 2018
  • No KYC required to supply or borrow on standard markets
  • Active on Ethereum, Base, and Arbitrum
  • Over $8.7B in deployed capital across lending, savings, and liquidity layers
  • Borrow rates remain stable because they do not fluctuate on pool utilization
  • Requires no identity verification or account sign-up to borrow or save
  • Security audits completed by ChainSecurity, Cantina, and Spearbit
Cons
  • Lacks an umbrella safety module to cover protocol-wide bad debt
  • Borrow rates vary with base-asset pool utilization
  • Does not support permissionless market creation by users
  • Borrowing is restricted to only one designated base asset per pool
  • Core lending markets are limited to Ethereum and Gnosis
  • Borrowing parameters rely heavily on Sky ecosystem governance decisions
  • Exposed to collateral depegging risks across wrapped and tokenized assets
Best forUSDC and WETH borrowers, Suppliers avoiding rehypothecation risk, Users seeking yield on supported EVM networksBorrowers seeking fixed, non-volatile loan rates, Stablecoin holders seeking tokenized savings yields, ETH and wstETH loopers using E-Mode

Highlighted cells show the stronger value in each row. Data comes from each provider's site and public sources; check details before you sign up.