Abraxas Capital Deposits $140 Million Into Spark DeFi Lending Protocol

Abraxas Capital, a global investment firm, has deposited approximately $140 million into Spark, a non-custodial crypto lending and borrowing platform, over the past 24 hours.

The deposit consisted of around 26,500 ETH, 780 cbBTC, nearly $46 million in USDS, and additional USDT, representing a significant allocation of institutional capital into on-chain lending markets.

Source: Onchain Lens