Historical bad-debt events
Spark Protocol's assessment for RD-F-067 — scored green on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.
Evidence summary #
No circular collateral dependency in SparkLend core. USDS is not accepted as collateral against itself. sUSDS borrows are backed by non-USDS collateral in normal lending paths.
Sources #
- Docshttps://docs.spark.fi/user-guides/using-sparklend/spark-assetsretrieved 2026-04-21
Methodology #
Count and sum (USD) the number of documented bad-debt events where the protocol socialized losses across depositors.
See the full factor methodology and distribution across all protocols →
rubric_version v1.7.0 protocol spark factor RD-F-067 score green collected_at 2026-04-27 01:00:42