According to ChainCatcher, the Fuel Network DeFi protocol Spark announced the completion of a $1.5 million pre-seed round of financing, with P2 Ventures and others participating.
Spark is a DeFi super application on the Fuel network that integrates a set of financial services such as perpetual contracts, order books, and lending functions. It introduces a multi-collateral cross-margin system that supports diversified asset deposits and complex liquidation protocols for risk management.
With a high-performance order book and advanced tools to facilitate non-custodial interactions, Spark attracts developers and traders seeking flexibility and enhanced trading capabilities.