Compound V3 vs Spark
Side-by-side lending rate comparison
| Asset | Chain | Supply Compound V3 | Borrow Compound V3 | Supply Spark | Borrow Spark | Compound V3 | Spark |
|---|---|---|---|---|---|---|---|
 USDS |  Base | — | — | — | — | — | — |
| USDS |  Ethereum | — | — | 2.49% | 4.09% | — | 2.49% |
Architecture Comparison
Compound V3
Compound V3 (Comet) uses a single-borrowable-asset model where each market is isolated around one debt token. This simplifies risk management by eliminating cross-asset contagion within each market.
Spark
Spark is a lending protocol within the MakerDAO / Sky ecosystem, originally forked from Aave V3. It maintains deep DAI and USDS liquidity through its direct connection to the Maker protocol, offering competitive stablecoin lending rates.
Risk Comparison
Compound V3
Compound V3's isolated market design limits contagion risk. Each Comet market can only have one borrowable asset, making risk parameters clearer and easier to evaluate.
Spark
Spark inherits Aave V3's codebase while operating under MakerDAO governance. Its tight integration with the DAI ecosystem provides stability but concentrates risk within the Maker ecosystem.
Which Protocol Should You Choose?
- Choose Compound V3 if you are users who prefer simpler market mechanics and transparent, isolated risk exposure.
- Choose Spark if you are stablecoin-focused lenders and borrowers, especially those already in the MakerDAO ecosystem.
- Compare rates above to see which protocol currently offers better rates for your specific asset and chain.
For real-time monitoring of your positions on either protocol, DeFi Monitor provides automated health factor alerts via Telegram and Discord.
Compare Compound V3 and Spark lending protocols — architecture, risk, rates, and TVL.
Compound V3 and Spark represent different approaches to decentralized lending. Compound V3 (Comet) uses a single-borrowable-asset model where each market is isolated around one debt token. This simplifies risk management by eliminating cross-asset contagion within each market.
In contrast, Spark is a lending protocol within the MakerDAO / Sky ecosystem, originally forked from Aave V3. It maintains deep DAI and USDS liquidity through its direct connection to the Maker protocol, offering competitive stablecoin lending rates.
With $1.3B in TVL across 3 chains, Compound V3 offers 9 markets, while Spark has $5.3B in TVL with 16 markets across 1 chain. Compound V3 is best suited for users who prefer simpler market mechanics and transparent, isolated risk exposure. Spark is better for stablecoin-focused lenders and borrowers, especially those already in the MakerDAO ecosystem.