Spark
2 placements on ChainChoice under Spark, each scored against its own category's pool and criteria — none currently #1. The placements are not averaged and not ranked against each other: a #1 exchange and a #6 crypto card are two different products in two different markets.
Lending & Borrowing
SparkRank#2 OverallScore80
#1 in this category: Venus
View verdictFlash Loan Venues
SparkLendRank#5 OverallScore76
#1 in this category: Morpho (Morpho Blue)
View verdictLending & Borrowing
How you can lose money here, and what the ranking scores
- Control failure (Spark 10/10): a key or vote changes the rules, freezes or mints.Scored by Who sets your rate — a utilisation curve or a curator? · 24%
- Oracle failure (Spark 8/10): a wrong price or outcome liquidates or settles a position.Scored by What price gets you liquidated, and how far can it drift? · 32%
- Insolvency failure: the firm or issuer that owes you cannot pay.Scored by If one market goes bad, how much of yours goes with it? · 24% (Spark 8/10)Scored by Has it lost lender money before, and did it publish it? · 20% (Spark 7/10)
Not assessed by this ranking: Contract failure, Regulatory failure, Execution failure, Exit failure. A high place says nothing about these; the Methodology tab says what each means.
Flash Loan Venues
How you can lose money here, and what the ranking scores
- Contract failure (SparkLend 6/10): the code holding the funds is exploited.Scored by Venue incident record · 20%
Not assessed by this ranking: Control failure. A high place says nothing about these; the Methodology tab says what each means. Also scored, as cost, quality or a summary of several families: Single-transaction borrowable depth (30%), Loan cost in basis points (28%), Integration surface (22%).