Vance Spencer

Vance Spencer

94,741 Twitter followers

Follow

Co-founder @hiframework, board @endaomentdotorg, formerly @netflixjp. nothing I tweet is financial advice, views my own.

Posts

While "DeFi mullet" is still a relatively small share of DeFi lending, I expect this to shift over the next year or two. There are way more users on CEXs, and this will provide access to the cheap capital from stablecoin demand.

monetsupply.eth

the $cbBTC pool on @base just crossed $1 billion in total borrowed! congrats to the @Morpho and @coinbase teams for delivering the first scaled defi mullet experience glad that @sparkdotfi could play a role in this success by providing on-demand liquidity to stabilize rates

We had a great call today with Chairmen @SenatorTimScott and @JohnBoozman who confirmed that a markup for Clarity is coming in January. Thanks to their leadership, as well as @RepFrenchHill and @CongressmanGT in the House, we are closer than ever to passing the landmark crypto market structure legislation that President Trump has called for. We look forward to finishing the job in January!

Hyperliquid should take their stablecoin business more seriously. There is almost $5Bn in the Hyperliquid bridge, representing $200M of lost earnings if deposited into @SkyEcosystem PSM at the current SSR, of 4%. Permisionless, uncensorable, scalable yield is available, and it doesn't make sense to forgoe this given there is minimal/0 friction. There is also a 20 basis point distribution boost reward, that can generate an additional $10M of earnings for Hyperliquid if integrated Sky has more $4Bn USDC, is the largest pool for stablecoins on any chain, and the only place that can provide this scale of yield, safely. No special deal or treatment is required, as was the vision of satoshi

Plasma DeFi was designed to resist broader market trends. We are starting to see these blueprints bear fruit.

NVIDIA CEO Jensen Huang said this 22 years ago: “I don’t need to change the world overnight. I’m going to change the world over the next 50 years. I don’t need to build a killer product overnight. I just need to build a winning product. And the goal of winning is so that you

Sky is one of the few long standing DeFi players that have kept fundamentals up front and center twitter.com/0x_Mist/status/200...

Amazing year-end report for @SkyEcosystem Started 2025 at $5.3Bn and we are now almost at $10Bn $435M of revenue in 2025, $170M of run rate profits, with almost $100M of yearly buybacks Explosive growth, can't wait to see where these numbers are in 2026

Interesting post. Fundamental question here is: What is more valuable? The on chain smart contracts, fees and TVL? Or the brand + front end + labs entity?

My $AAVE Alignment proposal: Ownership. If you are an $AAVE token holder, you should check it out https://governance.aave.com/t/arfc-aave-token-alignment-phase-1-ownership/23616…

Unpopular take: ETH has way more long-term upside than BTC. One of the reasons I created http:/ethval.com. Don't get me wrong, I love Bitcoin too – digital gold and all that. But Ethereum's building the actual internet of value with Stablecoin, RWA, DeFi, NFTs, L2s blowing up, and real utility driving demand. Bullish on both tho.

In the future there will be Aave, Aave Marc Zellers Vision (AMZV), and Aave labs

Loading..