Spark Finance's spUSDC V2 vault draws $56.5M in 40 minutes
- —$56.5 million flowed into the spUSDC V2 vault within 40 minutes on September 14
- —The vault's current net yield is about 3.55% annually
- —spUSDC AUM rose to roughly $316 million, with about $45 million of inflows over 30 days
- —Deposit limits were raised from $50 million to $250 million after launch
Why it matters: The rapid capital inflow into yield-bearing DeFi products shows demand for automated yield, but creates concentration risk and the potential for an equally fast outflow.
Source: Crypto Briefing