Glossary
Spark
MakerDAO's (now Sky's) in-house lending protocol — a fork of Aave v3 with direct access to DAI/USDS at favorable rates set by Maker governance.
Spark launched in 2023 as a MakerDAO subDAO. Architecturally it is a fork of Aave v3, but with a key integration: it can mint DAI (now USDS) directly via the D3M module, letting Maker set borrow rates algorithmically rather than via pool utilization.
The integration makes Spark the canonical venue for Maker-issued stablecoin borrowing and a major piece of the broader Sky / Endgame restructuring. SPK is the protocol's governance token.