Spark, a decentralized finance (DeFi) platform leveraging Sky's $6.5 billion stablecoin reserves to allocate capital across DeFi, CeFi, and real-world assets. 

This addresses liquidity gaps left by recent traditional banking failures, such as the 2023 collapses of Silicon Valley Bank and Signature Bank, which Moody’s downgraded to a "negative" outlook.

Historical context shows DeFi emerged post-2008 financial crisis as a response to bailout inequities, with Bitcoin’s creator likely inspired by such failures.

Peer-reviewed blockchain studies, like those in the 2022 Journal of Risk and Financial Management, highlight DeFi’s potential to reduce counterparty risk. 

@sparkdotfi is an upgrade over vulnerable traditional systems, though adoption hinges on simplifying user onboarding, a challenge noted in Cointelegraph’s 2021 DeFi adoption analysis.