Spark has deployed 15 million USDC to Spark Prime

Foresight News reports that Sam MacPherson, co-founder of Phoenix Labs, tweeted that the DeFi lending protocol Spark has deployed 15 million USDC to Spark Prime and launched a pilot collaboration with M1 Capital. M1 will use this liquidity pool to conduct parallel delta-neutral arbitrage trades on both centralized and decentralized platforms, achieving efficient capital utilization and broader trading coverage. Spark Prime allows borrowers to manage cross-platform margin positions across DeFi protocols, qualified custodians, and exchanges, overcoming the limitations of single-position models in traditional DeFi lending, while retaining core DeFi features such as over-collateralization and automated liquidations.