Spark Announces Closure of SparkLend Protocol on Gnosis Chain on September 14

Odaily News: Spark has announced that it will shut down its lending protocol SparkLend on Gnosis Chain on September 14. Once the relevant execution takes effect, all outstanding loans on this instance will immediately become liquidatable. Users need to repay their debts before September 14 to avoid liquidation. This move is intended to reduce Spark's overall risk exposure and eliminate ongoing maintenance costs.