Sam MacPherson

@hexonaut

204 Following

528 Followers

DeFi Saver pfp

📢All current $ETH borrowers on Spark will be eligible for a part of the 225 $wstETH provided by @lidofinance. Note, if you're a @sparkdotfi user at DFS, you can already claim any wstETH accrued from this or the previous Lido incentives program with Spark. The claim button will also be added to ETH Saver soon™, together with a few more pending claim options.

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Announcing the Spark Tokenization Grand Prix, an open competition to onboard $1 billion in tokenized real-world assets to MakerDAO. The Grand Prix is open to all innovators and issuers interested in competing to shape the future of tokenized public securities and their place in decentralized finance. More info → https://x.com/sparkdotfi/status/1811489084583379251

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Tokenized RWAs Flow: A New Era In The Spark Night’s second panel Martin Carrica, Lucas Vogelsang and Mark will discuss Real-World Assets. They will explore the challenges these innovative products face and their role in propelling DeFi to new heights.

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The Spark Night is coming ⚡ Be part of an exclusive side event during EthCC week, featuring the brightest minds in DeFi. Check Spark's latest tweet for more info ↓ https://x.com/sparkdotfi/status/1808146765637456036

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Sam MacPherson pfp

Classifying types of oracles. I think everything fits into 3 categories: -Market Price (ex. ETH, BTC, WBTC) -Fixed (ex. WBTC, USDC, DAI, USDe, EURe) -Yielding Fixed (wstETH, sDAI, sUSDe) Everything can have a market price, but only pegged assets can belong to the second two.

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Come check it out if you're at EthCC!

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Sam MacPherson pfp

💯 All idle cash should earn at least the RFR right up to the moment you use it. Excited to make this happen!

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@koeppelmann.eth

There seems to be some broader pessimism about what actual use cases are. To me, it is very simple: 8% interest (or whatever DSR pays) and instant, more or less free, worldwide $ transfers. As long as those two things are not available to anyone in the world, there is a very easy use case to build towards.

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Sam MacPherson pfp

Yes well that's a whole other issue. I have serious concerns about fiat too, but if I have to choose between propping up the dollar vs letting it collapse I choose the former. I understand that there are no good choices.

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Sam MacPherson pfp

To me it's a different product. Liquidity guarantees are a spectrum and sDAI sits in a practical middleground between high liquidity and maximum yield. The uniqueness comes from yield opps within DeFi. Maker can derisk these yields and forward to users. At the very least the RFR should go to users.

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Thomas Mattimore

hot tip: its 9x cheaper to borrow USDC on @morpho blue on @base than it is on compound or aave. time to refi your loans!

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Sam MacPherson pfp

On Ethereum there are only two assets that matter across L2s/sidechains: ETH and USD (+ derivatives) Liquidity fragmentation is only a problem in the abstract as yield-bearing issuers can automate settlement in the backend. Crosschain intent protocols should keep this in mind.

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Sam MacPherson pfp

DAI started as being backed entirely by ETH which by your definition is a lending protocol. More recently backed by USDC and cash-like instruments. This happened in 2020 so what is the new development?

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Sam MacPherson pfp

What's the difference? Stablecoins and lending are the same thing. It's just a question of how strong your liquidity guarantees are.

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⚡ EtherFi's weETH is now live on SparkLend! Users can leverage the largest liquid restaking token by market capitalization as collateral to borrow DAI at a large scale. Complete announcement → https://x.com/sparkdotfi/status/1803075233118552421

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⚡ New Executive Vote to onboard $weETH ⚡ The latest MakerDAO Executive Vote is live. If approved, Etherfi’s $weETH will be onboarded as a new supply asset to SparkLend on Ethereum Mainnet. Check the proposal → https://forum.makerdao.com/t/may-31-2024-proposed-changes-to-sparklend-for-upcoming-spell/24413

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Sam MacPherson pfp

MKR buybacks resumed 📈

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Spark pfp

The Spark’s MetaMorpho Vault has reached 500 million DAI supplied! An additional 50 million DAI were added to the the sUSDe 91.5% LLTV pool to support the growth of sUSDe collaterals, raising Spark MetaMorpho's total debt exposure to 500 million DAI. → https://x.com/sparkdotfi/status/1799099955560218891

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The recent MakerDAO Executive Vote has approved several changes to SparkLend on Mainnet and Gnosis Chain, including Spark’s MetaMorpho Vault. Learn more about these changes ↓ https://x.com/sparkdotfi/status/1798415712240701456

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Spark leads MakerDAO's estimated annual revenue. The Spark D3M and Spark’s MetaMorpho D3M are the top revenue earners for the Maker Protocol, with a combined estimated annual revenue of approximately $165 million. → https://makerburn.com/#/rundown

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