Spark Finance is pulling the plug on its Gnosis Chain lending deployment. As of September 14, 2026, SparkLend on Gnosis will be fully deprecated, and any outstanding loans will become eligible for liquidation once a Sky governance spell executes. For users still holding positions on the Gnosis instance, the message is simple: repay your debt before the cutoff, or face forced liquidation. How we got here SparkLend launched on Gnosis Chain in September 2023, marking the protocol’s first expansion beyond Ethereum. Spark began the wind-down process in early 2026, freezing new deposits and borrows on the Gnosis instance to limit further capital exposure. The protocol also raised the reserve factor to 50% across all assets on the Gnosis deployment, a move designed to accelerate the drawdown of outstanding positions by making the cost of staying in the market progressively less attractive. The assets affected span the full range of what was available on the Gnosis instance: WXDAI, sDAI, WETH, wstETH, EURe, USDT, USDC.e, GNO, and USDC. The mechanics of the shutdown SparkLend operates under Sky governance as a permissionless, non-custodial money-market protocol, meaning protocol-level decis...
Spark plans to deprecate SparkLend on Gnosis Chain by September 14, 2026
51 minutes ago
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