Spark's January rsETH delisting leaves SparkLend liquid while Aave freezes across five networks
wublockchain.xyz •
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Promote with Leviathan NewsSpark head of strategy MonetSupply notes the protocol's January rsETH delisting — which cost SparkLend business to Aave and annoyed ETH loopers at the time — is paying off now. SparkLend retains ample ETH withdrawal liquidity while Aave markets on mainnet, Arbitrum, Base, Plasma, and Mantle locked up after the Kelp DAO exploit drained ~116,500 rsETH (~$292M) and borrowers pinned utilization across Aave pools. Trade-off: short-term revenue loss for not being the protocol stuck holding the bag during a live rsETH meltdown.
TLDR by @Benthic
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