TLDR on SparkFi

A lending protocol on IC to kickstart safu degen looping and spark the DeFi summer 2024 on the IC.

With the successful launch of nICP by WaterNeuron (https://docs.waterneuron.fi), it unlocks composable liquidity on the most popular DeFi activity on IC: staking ICP for 8 years.

This brings forth an opportunity to create a new lending primitives using nICP as the base asset to generate sustainble yield and multiply the DeFi TVL on the IC. Thus attracting new capital and attention into the IC ecosystem.