On an adventure to find out what’s true | Research Manager @messaricrypto | Real Human Being
Feb 3 • 23 tweets • 14 min read
.@sparkdotfi is the leading institutional-grade, blue-chip money-market protocol in DeFi, beating out Aave V3’s Prime Market instance in market size, variety of blue-chip assets offered, and maximum leverage on a risk-adjusted basis. Below is everything you need to know 👇
Spark (SPK) is a Star (SubDAO) of USDS stablecoin issuer @SkyEcosystem. Metaphorically, under this structure, Sky acts like a central bank responsible for stablecoin issuance and interest rate adjustment, while Spark is a commercial bank and onchain money market fund, responsible for liquidity allocation, lending, and borrowing.