Spark يتحرك 150 مليون دولار إلى Uniswap v4 مع كوكو الذي ينتهك التجارة Stablecoin

$150 million in stablecoin liquidity just moved to Uniswap v4, and it won't sit idle. Spark migrated that capital on June 25, 2026, and will soon hand it to a new hook called DualPool that finally solves the stablecoin liquidity tradeoff: earn yield between trades without sacrificing swap availability.

The DualPool Mechanic: Vaults by Default, Pools on Demand

Between swaps, everything sits in Spark's yield-bearing ERC-4626 vaults. When a swap arrives, DualPool withdraws only the capital needed for that specific trade, deploys it as concentrated liquidity across Spark's configured price range, executes the swap through normal Uniswap v4 logic, then returns the remaining inventory plus the LP fee to the vault. All in the same block. For the swapper, it feels like a normal Uniswap swap.

Why This Matters for Stablecoin Liquidity

Uniswap already handles nearly 60% of stable-stable volumes on major chains. But stablecoin liquidity has always been stuck with a binary choice: sit in a pool and earn fees when trades happen, or sit in a vault and earn yield. DualPool makes both viable simultaneously. LPs and market makers no longer have to choose between idle capital and swap availability.

Deeper Pools, Better Routing, Open Source Playbook

USDS will be the initial quoting asset, with USDT and PYUSD support under Spark's coordination framework. The hook was designed and built in collaboration with Uniswap Labs engineering. It will be open sourced after audits, so anyone can deploy their own version. For swappers, that means deeper liquidity and lower expected slippage on Uniswap v4 pools, accessible automatically through the Uniswap Web App, Wallet, and API.

I expect to see asset issuers and market makers fork this hook for their own stablecoin pairs. The pattern of vault-backed liquidity pools is simple enough to replicate and direct enough to change how stablecoin inventory earns its keep.

Source: June 25, 2026 Spark Moves $150M of Liquidity to v4 with New Hook Coming Soon #Protocols
Domain: blog.uniswap.org