Jupiter Lend vs Spark

Jupiter Lend4.0/5

VS

Spark4.0/5

Feature	Jupiter LendVisit	SparkVisit
Ratings
Our score	4.0/5	4.0/5
User rating	No reviews yet	No reviews yet
Security & track record	4.5	4.5
Rates	4.0	4.0
Market depth	3.5	4.5
Ease of use	4.5	4.0
Decentralization	3.5	3.0
Specs
KYC required	No	No
Lending model	Pooled	Pooled
Chains	Solana	Ethereum
Main collateral assets	Not disclosed	ETH, wstETH, USDC, USDT, PYUSD, USDS
Flash loans	Not disclosed	Yes
Permissionless markets	Not disclosed	No
Audited	Yes	Yes
Governance token	JUP	SPK
Isolated markets	Not disclosed	Yes
Real-world-asset collateral	Not disclosed	Yes
Own stablecoin	Not disclosed	No
Rates	Variable	Fixed
Company
Founded	2025	2023
Headquarters	—	—
Investors	Not disclosed	Not disclosed
Strengths and weaknesses
Pros	Over $1B in total value locked across Solana lending markets Security reviewed by Certora, OtterSec, Neodyme, and Code4rena Requires no KYC or account registration to lend or borrow Native mobile app integration allows managing positions on smartphones	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	Restricted exclusively to the Solana blockchain ecosystem Variable borrowing rates can spike sharply during periods of high utilization Borrowers risk automated liquidation if collateral asset values decline	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 for	Solana DeFi yield depositors, Traders borrowing against crypto collateral, Mobile users seeking onchain lending	Borrowers seeking fixed, non-volatile loan rates, Stablecoin holders seeking tokenized savings yields, ETH and wstETH loopers using E-Mode

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