Published Social post

Spark (@sparkdotfi): SparkLend has deprecated the Gnosis market to reduce the overall risk surface.

Estimated coin impact

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SparkLend has deprecated the Gnosis market to reduce the overall risk surface. New deposits and borrows are now frozen across the Gnosis Chain, while existing positions remain intact. Parameter summary: • Reserves are frozen (all assets) • Reserve factor is set to 50% (all assets) Affected Gnosis Chain assets: WXDAI / sDAI / WETH / wstETH / EURe / USDT / USDC.e / GNO / USDC Spark will consider opportunities to deploy on or collaborate with the Gnosis Chain ecosystem in the future when conditions are favorable.

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