Spark, the lending arm of the Sky ecosystem, formerly known as MakerDAO, has launched a redesigned platform at spark.finance that combines SparkLend and Spark Isolated Markets in a single interface called Spark Borrow. The platform provides a consolidated view of user positions and real-time metrics across both products. SparkLend, an Ethereum-based pooled lending market, has $4.65 billion in total value locked (TVL), $6.82 billion in available liquidity and $2.13 billion actively borrowed. Its Isolated Markets, which run on Morpho infrastructure with separate risk for each lending pair, hold more than $157.1 million in curated capital. Combined protocol-wide TVL exceeds $7.96 billion. The redesign changes the user experience but not the underlying lending mechanics, risk parameters or governance structures. Spark has been shifting away from retail DeFi users toward institutional clients, including through an Anchorage Digital custody integration and controls such as narrow collateral limits, supply and borrow caps, multi-oracle pricing and oversight from the Spark Risk Council. Its integration with Sky gives Spark access to USDS liquidity through the Peg Stability Module, supporting lending-market growth without relying on external yield-seeking liquidity. The move strengthens Spark's institutional positioning against Aave, Compound and Morpho, although suspending its consumer-facing application could reduce its visibility among the wider crypto community.