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Spark Protocol Expands Beyond Ethereum to Gnosis

Spark Protocol, DAI-centric DeFi lending platform in MakerDAO ecosystem, announced its "deployment on Gnosis Chain, a decentralized Ethereum Virtual Machine sidechain with over 150,000 validators," according to the team. "The deployment on Gnosis Chain marks Spark Protocol’s expansion beyond the Ethereum ecosystem, as part of a broader multi-chain strategy proposed in June 2023. The Spark deployment will allow Gnosis users to natively mint DAI on Gnosis Chain, while also benefiting from lower gas fees than Ethereum Mainnet and the security of a large and diverse validator set." Spark is a decentralised non-custodial liquidity market protocol where users can participate as suppliers or borrowers.

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