Fuel Network DeFi Protocol Spark Announces $1.5 Million Pre-seed Round of Funding

BlockBeats news, on May 15, according to official news, the Fuel network DeFi protocol Spark announced the completion of a $1.5 million pre-seed round of financing.

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. Spark has a high-performance order book and advanced tools to facilitate non-custodial interactions, attracting developers and traders seeking flexibility and enhanced trading capabilities.