Record & feedback | contributing to ⚡️@sparkfinance | writings at https://xitter.cf/t.co/MqdOaznih7
DeFi
Joined July 2017
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写了一篇关于美债，赤字，稳定币和DeFi的文章
未来3-5年将会是美债继续泡沫化的一段时期，区块链技术使美债的购买群体从机构间接转为个人。
全世界都会成为美债的承销商，能帮美政府承销美债的生意都是好生意！
> 属于美债承销商的4年：timzz.substack.com/p/401
2100万，刚好和BTC总量一致，再接再厉！
🚀 16 小时，2100 万美元！
@sparkfinance 上线 OneKey App 仅 16 小时，通过 OneKey 存入的 USDT 与 USDC 已突破 2100 万美元。
👉 立即存入：
USDT: app.onekey.so/earn/ethereum/…
USDC: app.onekey.so/earn/ethereum/…
强强联合 Low-risk DeFi
Spark Savings is now available in the OneKey App.
Put your USDT and USDC to work and currently earn up to 17% / 12% APY with Spark Savings within the OneKey App.
Start earning today:
USDT: app.onekey.so/earn/ethereum/…
USDC: app.onekey.so/earn/ethereum/…
Rates are variable and can change.
Low-risk DeFi with more USDT incoming! @sparkfinance
🚨 🚨 🚨 🚨 🚨 🚨 135,000,000 $USDT (134,951,400 USD) transferred from unknown wallet to #Spark
whale-alert.io/tx/ethereum/0…
Spark USDT 的流动性目前全网第一，绝对量上继续 ⬆
more USDT on @sparkfinance
Market waking up to the advantages of our USDT product.
Few things feel as good as watching a scalable product, powered by Spark's unique access, grow and provide the best liquid, risk-adjusted yield in the industry.
There are two key reasons why Spark Savings USDT is the best in the industry:
First, Spark operates in a generalised allocation structure, which we've built and optimised for many years now, and within governance-approved venues is able to programmatically rotate between them to get the best risk-adjusted opportunities wherever they are.
Second, it does not suffer from the inefficiencies of being stuck running a simple onchain lending market, which in an attempt to diversify from crypto leverage demand they have now mixed tokenised financial instruments with blue chip crypto assets in the same pool, exposing stablecoin lenders to new tail events.
A decent part of Spark Savings USDT backing is in SparkLend (~291M), which operates as overcollateralised blue chip crypto lending and is meant to be a way to capture the market's premium while it exists (and move away from it when it doesn't).
Spark has strong governance controls and is incapable of updating the investment mandate without it, alongside a timelock. For institutional allocators, removing this trust layer is key.
The industry is definitely getting more sophisticated and starting to weigh liquidity, risk and returns instead of optimistically trusting a brand.
722,000,000 now.
1,000,000,000 soon
Ad astra.
Low-risk DeFi @sparkfinance
WALLET MOVES 150M $USDT FROM @aave TO SPARK SAVINGS
The Oct. 5–6 moves coincided with double-digit borrowing rates. On Oct. 8, @aave’s $USDT reserve had $169.54 million available for withdrawals against $2.71 billion supplied.
Read more here:
thedefiant.io/news/defi/wall…
Liquidity flows to where it should be
Low-risk DeFi @sparkfinance
Spark Savings USDT 提升利率至3.75%， 综合流动性和风险等因素， Spark应该是USDT存款产品中（大概率）最好的选择
- USDT流动性：196.2M➕250M per day
- 风控： Spark仅支持5个核心抵押物的借贷
/ When you weigh liquidity, risk, and yield together, there is simply no second-best place to deposit your USDT to Spark Savings!
- USDT Liquidity: $196.2M + $250M per day
- Risk Control: Supports lending against only 5 core collaterals
New Earning Rate: Deposit USDT into Spark Savings and earn 3.75%.
USDT APY in Spark Savings moves up again, with around $450M already deposited in the vault.
Deposit USDT into Savings:
app.spark.finance/savings/ma…
USDT存款利率上调至3.75%！
New Earning Rate: Deposit USDT into Spark Savings and earn 3.75%.
USDT APY in Spark Savings moves up again, with around $450M already deposited in the vault.
Deposit USDT into Savings:
app.spark.finance/savings/ma…
timzz retweeted
@sparkfinance data team went from 3-hour dashboard updates to 30 minutes.
Their P&L reporting runs through multiple layers of data transformation. With Dune's dbt Connector, Spark now manages the full dependency graph behind those steps in Git, so a change upstream shows exactly what it affects downstream.
The result: Spark's team spends 25% less time on reporting overall, and adding a new product to their 40+ dashboards is down from 2-3 hours to 30 minutes.
Read the full story: eu1.hubs.ly/H0yMKM20
.@SkyEcosystem 是目前唯一一家拿到标普（@SPGlobalRatings）协议级信用评级的数字货币协议。当前评级为 B-，未来有望进一步上调。
DeFi 才刚刚开始。
/.@SkyEcosystem is currently the only digital asset protocol to receive a protocol-level credit rating from S&P Global Ratings (@SPGlobalRatings). The current rating stands at B-, with room for further upgrades ahead.
DeFi is just beginning.
S&P Global Ratings has published its annual review assessment of Sky Protocol.
Over the past year, Sky Ecosystem has strengthened its Treasury Management Function, expanded financial reporting into a more transparent framework, continued raising its capital reserves, and applied a more disciplined capital-allocation framework.
S&P’s updated rationale and stable outlook provides another independent view of that progress and the work ahead.
Reserve building does not stop at the current target. It will continue as the protocol grows.
We thank S&P for its continued, rigorous review. Sky Ecosystem remains focused on strengthening financial resilience, transparency and risk management to meet the demands of institutional capital.
牛初是什么样的？ Spark流动性层从8月10日的17亿美元增长到了当前的29亿美元。50天净增量12亿美元。
牛初的需求刺激了流动性的分发，流动性的分发又反过来扩张牛市。
/ What does the early stage of a bull market look like?
Spark’s Liquidity Layer has grown from $1.7B on August 10th to $2.9B today — a net increase of $1.2B over 50 days.
Early bull-cycle demand fuels liquidity distribution, and that liquidity distribution, in turn, amplifies the bull run.
Sparklend 业务增长率全网第一
过去1个月稳定币新增借贷量全网第一
wstETH 持有量全网第一 (29.8%)
build @sparkfinance ⚡️
Spark is pulling away from the rest of the lending market.
Active loans have grown ~190% over the past 180d to $2.9B, making @sparkfinance the fastest-growing protocol among the top 10 by active loans.
稳定币和币股是看得到的大市场和大机会，那么围绕稳定币和币股的基建都有什么呢？
Stablecoins and tokenized equities are clearly big markets with big opportunities, so what does the infrastructure around stablecoins and tokenized equities actually look like?
Spark is building an #FX layer between different stablecoins.
If stablecoins are the future infrastructure of the dollar, then Spark is the infrastructure of stablecoins.
The RLUSD/USDS pair has surpassed $1B in trading volume in under a month since launch.
For emerging stablecoins, liquidity across different use cases is often lacking right after launch. For example, a user might be holding RLUSD, but their on/off-ramp only supports USDC. In that case, they can swap through Spark's FX layer on Uniswap — RLUSD → USDS → USDC.
Spark now supports 4 stablecoin pairs, together accounting for 24% of all stablecoin trading volume on Uniswap!
- USDT/USDS (15.9% of Uniswap stablecoin volume)
- RLUSD/USDS (2.1%)
- PYUSD/USDS (5.8%)
- USDC/USDS (0.9%)
#Stablecoins #Infra #FX #Spark
RLUSD/USDS 交易对上线不到1个月，交易量突破10亿美元。
Spark 正在构建不同稳定币之间的外汇兑换层（FX Layer）。
对于新兴的稳定币，上线之初缺乏在不同场景中的流动性。比如用户持有了RLUSD, 但是用户的出入金渠道在 USDC，这个时候就可以通过 Spark 在Uniswap上的FX layer进行兑换，RLUSD-> USDS , USDS-> USDC 。
目前Spark已经支持4个稳定币交易对，交易量占比Uniswap上所有稳定币交易量的24%！如果稳定币是未来美元的基建，那么Spark就是稳定币的基建。
- USDT/USDS（占比Uniswap稳定币交易量15.9%）
- RLUSD/USDS （ 2.1%）
- PYUSD/USDS（5.8%）
- USDC/USDS （0.9%）
#Stablecoins #Infra #FX #Spark
