Spark Savings USDC
Earn USDC yield through Spark Savings V2 on Ethereum
Not a fit if
- Exit liquidity may be limited
- Includes issuer or bridge exposure
- Depends on curator or governance decisions
Asset exposure
Depositors are exposed to USDC, Spark Savings V2, Spark governance, and venues used by Spark liquidity deployment.
Yield source
Yield comes from Spark Savings V2 rate accrual and Spark Liquidity Layer deployment across approved venues.
Live APY: -- - Source: Yield unavailable - As of: No live APY timestamp
Withdrawal reality
spUSDC uses an ERC-4626-style interface, but withdrawal availability can be limited by vault idle liquidity and Spark liquidity deployment.
- Redeem or withdraw spUSDC shares through the standard vault path when liquidity is available.
- Large or constrained exits may need intent or liquidity processing rather than assuming full immediate redemption.
Primary risks
Main risks are USDC issuer exposure, Spark governance and role risk, external venue risk, liquidity limits, and smart contract risk.
Allocrypt role
Allocrypt routes deposits into spUSDC through the Ethereum PortfolioRouter and forwards the net vault shares to the user's Safe.
The user's Safe holds spUSDC directly after deposit.
Only the user controls the signing keys for the Safe.
PortfolioRouter takes a 0.49% fee in vault shares after the external vault deposit and sends it to the treasury.
Sources and freshness
Reviewed 2026-05-16 - Confidence: medium - Reviewed May 2026
- Allocrypt reviewed research
- Spark Savings V2 documentation
- vaults.fyi vault data
Ethereum vault actions use portfolio flows. Deposits target the Ethereum smart wallet; withdrawals start from the Ethereum smart wallet.
Vault Info
Protocol