Sam MacPherson

Sam MacPherson

8,575 Twitter followers

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Co-founder @phoenixlabsdev - contributing to ⚡️Spark⚡️. Previously Protocol Engineering @ MakerDAO.

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Prediction: Debt-based RWAs will primarily be stablecoin backing, and the looping use case will go away as it largely depends on incentives. Non-USD RWAs (gold, stocks, etc) will become the dominant form of RWA DeFi lending.

Yeah people who are only online don't understand that in person everyone is quite friendly. Twitter is largely theater.

The funniest thing about this site is I will have very polite, even friendly convos with people offline. Only to log on and see them attempt to dunk or ratio me in comments. This place is useful only for marketing, pure circus. Don't make the mistake of believing it's real.

s/o to Blockworks for relabelling "Spark" as "SparkLend". Spark has 4 business lines and generates most of its revenue from the Spark Liquidity Layer. Lending markets (infra) have thin margins - most of the revenue goes to the LP. Love the direction of GAAP on protocols! twitter.com/hexonaut/status/19...

Tracking the yield-bearing stablecoin market size from the top 3 players (USDS, USDe, Aave Core USDC/T) with a new @Dune dashboard. All 3 are roughly the same size now with USDS increasing market share by 12% since the Oct 10th event. Aave: 9.5b (34.2%) USDS: 9.4b (33.7%) USDe:

Thanks for having me on @laurashin! Was a fun discussion. Enjoy! twitter.com/hexonaut/status/19...

It's interesting seeing the unwinding changes from projects built around leverage. Sky and Spark take a conservative approach which doesn't grab the headlines, but manages to compound every cycle. USDS market cap is approaching ATHs (10b) post mania.

Spark's stablecoin bootstrapping program can increase size by 1B+ without relying on costly third-party LPs. Spark provides both the lending/dex infrastructure and the capital. Happy to be supporting @PayPal's PYUSD with this framework.

More liquidity: @Sparkdotfi and PayPal are joining forces to increase global liquidity for PYUSD up to $1B! Over $100M more PYUSD has already been injected into the ecosystem with more in the coming weeks: https://mirror.xyz/0x52A8305f29f85bEc5fa6eE78B87Ddd2218d8E12E/veb-fnoy1UX8BuCKswsJQBKYBzYPskuhUUX0FU4-xiI… 2/6

Park your cash against blue-chip collateral only. SparkLend is the safest at-scale money market to lend USDT.

Want to earn almost 10% on your USDT? Then deposit your USDT to Sparklend alongside the existing 400m USDT already earning on the platform https://app.spark.fi/markets/1/0xdAC17F958D2ee523a2206206994597C13D831ec7…

USDH launching as a Sky-powered stablecoin is the obvious choice here. 1. Highest USDC liquidity by a wide margin. 2. Rate better than tbills. 3. Crypto-loans are a very safe form of onchain lending.

USDH powered by Sky The best stablecoin offers so much more than just a stable medium of exchange - it should also deliver highly efficient returns, generated by actively developing, building and growing the ecosystem it lives in. By using Sky to power USDH, the Hyperliquid

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