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      SPARK's Logo

      SPARK

      Overview Fundraising

      Overview

      Location

      Portugal

      Launched

      2024

      Category

      DeFi

      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

      Pre-Seed
      Date: May 15, 2024
      Amount: $1.5M
      Valuation: --
      InvestorsTypeLocationYear Founded# Portfolio CompaniesEmail AddressSocials
      CorporateCanada 2013 2--
      FundUnited Kingdom -- 3[email protected]
      Angel InvestorUnited Kingdom -- 3--
      FundEmirate of Dubai -- 3--
      FundUnknown -- 10--