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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Spark USDT growing rapidly. Now at 180m deposits. 4% and backed by USDS with high liquidity. twitter.com/hexonaut/status/20...

. @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.🔥 Our deep dive on Spark breaks down: Spark's ability to borrow billions in USDS from @skyecosystem -How Spark's design brings institutional-grade security and capital preservation to its users -How alternatively architected lending and borrowing protocols complement Spark

Spark Community Call | 30th Jan, 3pm UTC /i/broadcasts/1BRKjgPLzmZGw

We will be growing the vault ecosystem with our friends at @SteakhouseFi and @gauntlet_xyz . Vaults will be a large growth vector of stablecoins through 2026 and beyond, driven by institutional adoption. twitter.com/hexonaut/status/20...

Spark’s Q4 2025 financial report is out! Below please find the full breakdown of the protocol’s performance, with detailed analysis of revenues, costs, and treasury growth. Key highlights: - Gross protocol returns: $45.4M (aggregate returns across all protocol components) - Net protocol returns: $9.87M (gross returns less cost of capital) - Net protocol surplus: $6.57M (gross returns less operating expenses) - Spark Protocol treasury (end of quarter): $43.22M - $4M strategic investment in Arkis Let’s dive in 🧵

The excess of capital in this space has really warped things. I see projects competing in every vertical because people want something new to do. This might be fun, but it usually ends up wasting money. The music will stop at some point. Best to focus on what drives value.

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.

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