hexonaut
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Deep diving on DeFi accounting. Tracking "real" demand of a stablecoin is not trivial.
Looking at total liabilities is probably the worst method, but to get a real number, you must track idle supply across all protocols.
There is interesting nuance in protocols like Pendle where USDS is out of circulation and has no market effect.
Beware headline TVL numbers, they do not paint the whole picture, and this will be increasingly gameable/complex to analyze.
Looking at total liabilities is probably the worst method, but to get a real number, you must track idle supply across all protocols.
There is interesting nuance in protocols like Pendle where USDS is out of circulation and has no market effect.
Beware headline TVL numbers, they do not paint the whole picture, and this will be increasingly gameable/complex to analyze.
Spark Liquidity Layer passes 4 billion in assets deployed.
アメリカは持続的なインフレに運命づけられているようで、世界の準備通貨としての地位を失う可能性があります。
これは良い結果ではないと思いますが、安定コインの採用やAIなどがこの落ち込みを和らげてくれることを願っています。
これは良い結果ではないと思いますが、安定コインの採用やAIなどがこの落ち込みを和らげてくれることを願っています。
First 1.6m automatically allocated to the @aave USDC market on @base.
DeFi rates are moving above tbill yield, so @sparkdotfi will enforce consistent rates on all Aave markets.
USD liquidity fragmentation will no longer be an issue on Ethereum/L2s.
DeFi rates are moving above tbill yield, so @sparkdotfi will enforce consistent rates on all Aave markets.
USD liquidity fragmentation will no longer be an issue on Ethereum/L2s.
Spark is the top new market on @pendle_fi and growing rapidly.
Welcome all newcomers and long-time friends!
Very excited for some big announcements in the coming weeks. LFGT
Welcome all newcomers and long-time friends!
Very excited for some big announcements in the coming weeks. LFGT
Spark passes 3b in deployed assets while earning you the best risk-adj yield possible.
Combining yield across all major sources:
• Tbills / RWAs
• Onchain crypto lending
• BTC OTC lending
• Coinbase BTC lending
• Cash & Carry
Set it and forget it with Spark Savings.
Combining yield across all major sources:
• Tbills / RWAs
• Onchain crypto lending
• BTC OTC lending
• Coinbase BTC lending
• Cash & Carry
Set it and forget it with Spark Savings.
An interesting quirk of being a stablecoin issuer is that you have no opportunity cost for protocol-issued idle assets.
You can see this with the difference between USDC and USDS/DAI markets. All 3 of these markets return roughly the same for the Spark Liquidity Layer.
The USDC market uses the Deposit APY (4.96%), but the SLL uses the Borrow APY for USDS/DAI (4.92%/5.09%).
If you want an integration with the SLL, you will naturally get a cheaper rate using USDS!
You can see this with the difference between USDC and USDS/DAI markets. All 3 of these markets return roughly the same for the Spark Liquidity Layer.
The USDC market uses the Deposit APY (4.96%), but the SLL uses the Borrow APY for USDS/DAI (4.92%/5.09%).
If you want an integration with the SLL, you will naturally get a cheaper rate using USDS!
Blockchains bring many benefits including complete transparency of balance sheets.
As a depositor into Spark Savings, you can see exactly where your money is sitting in real-time. No surprises.
This is how we fix the banking system and bring the world onchain.
As a depositor into Spark Savings, you can see exactly where your money is sitting in real-time. No surprises.
This is how we fix the banking system and bring the world onchain.
承認/実行フローを終了できてとても嬉しいです。
Spark Appはすでにアクションのグループをバンドルし、スマートウォレット用にバッチ処理を行っています。
EthereumはDeFiのための場所です。
Spark Appはすでにアクションのグループをバンドルし、スマートウォレット用にバッチ処理を行っています。
EthereumはDeFiのための場所です。
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