Sparklend Sees Surge in Deposits Amid Aave Outflows Following rsETH Incident

Sparklend has experienced a substantial increase in net deposits, totaling nearly $1.4 billion over the past two days. According to NS3.AI, this surge comes as Aave faces significant outflows following the rsETH incident. Blockworks Research reported that Sparklend also added approximately $350 million in loans during this period. The Spark team announced that it had paused rsETH and other low-usage assets as early as January.