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SPARK
Overview
Location
Portugal
Launched
2024
Category
Subcategory
Fundraising Round
Pre-Seed
Valuation
--
Cumulative Amount
$1.5M
About SPARK
Spark is a DeFi super app on the Fuel.network, revolutionizing financial services with its integrated suite of offerings including perpetual contracts, an order book, as well as lending, borrowing features.
Spark V1 introduces a multicollateral cross-margin system for its perpetual contracts, supporting deposits of diverse assets and implementing sophisticated liquidation protocols to ensure trading flexibility and risk management.
Key features of Spark V1:
- High Performance Order Book: Support for longing/shorting Perpetual Contracts with up to 2000 TPS.
- Cross-Margin and Liquidations: Enhanced margin and liquidation mechanisms, including partial liquidations and dynamic funding rates.
- Advanced Risk Management: A robust risk engine and insurance fund to prevent bad debt within the protocol.
- Developer Tools: Comprehensive SDKs and APIs for non-custodial interaction with our order book, facilitating integration and innovation.
- Multicollateral Support: Margin logic that accommodates the deposit of multiple assets, enhancing trading flexibility and risk distribution.
Fundraising
Investors | Type | Location | Year Founded | # Portfolio Companies | Email Address | Socials |
---|---|---|---|---|---|---|
Corporate | Canada | 2013 | 2 | -- | ||
Fund | United Kingdom | -- | 3 | [email protected] | ||
Angel Investor | United Kingdom | -- | 3 | -- | ||
Fund | Emirate of Dubai | -- | 3 | -- | ||
Fund | Unknown | -- | 10 | -- |