Spark Savings allows users to easily supply various stablecoins and ETH and receive vault tokens in return. These tokens represent a digital record of your interaction with the Spark Savings module and any yield accrued to your position, which compounds automatically in real-time, growing your balance. As your savings accumulate, the value of the vault token increases over time.

There are no dApp or protocol fees for deposits or withdrawals in the Savings feature or the Sky Savings Rate. However, users are responsible for gas fees associated with decentralized networks like Ethereum.

No protocol or dApp can be considered entirely risk-free. The risks related to the Savings feature are the smart contract risk (the risk of bugs within the protocol code) and depeg risk (the risk of USDS losing its peg to 1 USD, which would impact the value of sUSDS). While significant steps have been taken to minimize these risks–including making the protocol code public, open source, and audited—they cannot be entirely eliminated. You can find additional security-related information in the security and audits sections.