DeFi

Spark Morpho Blue vault has been live for less than 12 hours and is already earning 41% APY on 100m. That's +41m / year in revenue (~10% increase).

Maker <> Spark <> Morpho <> Ethena

This is the power of DeFi.

Co-founder Phoenix Labs - contributing to Spark. Previously Protocol Engineering @ MakerDAO.

you probably don’t think about liquidity enough // it is what it is  // build value, not valuation

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I finally looked at what this is - I cannot wait for maker wif hat launch.

the yield is from maker (dai) and ethena (funding) but they call the product Spark Morpho

lesson in there