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hexonaut
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hexonaut
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hexonaut
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Deep diving on DeFi accounting. Tracking "real" demand of a stablecoin is not trivial. Looking at total liabilities is probably the worst method, but to get a real number, you must track idle supply across all protocols. There is interesting nuance in protocols like Pendle where USDS is out of circulation and has no market effect. Beware headline TVL numbers, they do not paint the whole picture, and this will be increasingly gameable/complex to analyze.
Deep diving on DeFi accounting. Tracking "real" demand of a stablecoin is not trivial.
Looking at total liabilities is probably the worst method, but to get a real number, you must track idle supply across all protocols.
There is interesting nuance in protocols like Pendle where USDS is out of circulation and has no market effect.
Beware headline TVL numbers, they do not paint the whole picture, and this will be increasingly gameable/complex to analyze.
PENDLE
hexonaut
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Spark Liquidity Layer passes 4 billion in assets deployed.
Spark Liquidity Layer passes 4 billion in assets deployed.
hexonaut
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It looks like the US is destined for persistent inflation and possibly losing its status as the world's reserve currency. I don't think this is a good outcome, and hopefully things like stablecoin adoption+AI can soften the fall.
It looks like the US is destined for persistent inflation and possibly losing its status as the world's reserve currency.
I don't think this is a good outcome, and hopefully things like stablecoin adoption+AI can soften the fall.
hexonaut
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First 1.6m automatically allocated to the @aave USDC market on @base. DeFi rates are moving above tbill yield, so @sparkdotfi will enforce consistent rates on all Aave markets. USD liquidity fragmentation will no longer be an issue on Ethereum/L2s.
First 1.6m automatically allocated to the @aave USDC market on @base.
DeFi rates are moving above tbill yield, so @sparkdotfi will enforce consistent rates on all Aave markets.
USD liquidity fragmentation will no longer be an issue on Ethereum/L2s.
AAVE
USDC
hexonaut
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Spark is the top new market on @pendle_fi and growing rapidly. Welcome all newcomers and long-time friends! Very excited for some big announcements in the coming weeks. LFGT
Spark is the top new market on @pendle_fi and growing rapidly.
Welcome all newcomers and long-time friends!
Very excited for some big announcements in the coming weeks. LFGT
PENDLE
hexonaut
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Spark passes 3b in deployed assets while earning you the best risk-adj yield possible. Combining yield across all major sources: • Tbills / RWAs • Onchain crypto lending • BTC OTC lending • Coinbase BTC lending • Cash & Carry Set it and forget it with Spark Savings.
Spark passes 3b in deployed assets while earning you the best risk-adj yield possible.
Combining yield across all major sources:
• Tbills / RWAs
• Onchain crypto lending
• BTC OTC lending
• Coinbase BTC lending
• Cash & Carry
Set it and forget it with Spark Savings.
BTC
hexonaut
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Blockchains bring many benefits including complete transparency of balance sheets. As a depositor into Spark Savings, you can see exactly where your money is sitting in real-time. No surprises. This is how we fix the banking system and bring the world onchain.
Blockchains bring many benefits including complete transparency of balance sheets.
As a depositor into Spark Savings, you can see exactly where your money is sitting in real-time. No surprises.
This is how we fix the banking system and bring the world onchain.
ETH
USDC
hexonaut
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So glad to be retiring the approve/execute flow. Spark App already bundles groups of actions and batches them for smart wallets. Ethereum is the place to DeFi.
So glad to be retiring the approve/execute flow.
Spark App already bundles groups of actions and batches them for smart wallets.
Ethereum is the place to DeFi.
ETH
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USTechFundFlows
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$GUN $B2 $SOL Here’s a latest analysis of #USTechFundFlows — the recent capital movement into and out of U.S. technology funds — with context on what’s driving investor behavior in early 2026: 🧠 Current Flow Dynamics After a strong start to 2026 in overall ETF and equity fund flows — with U.S. equity funds still attracting net new capital — technology-focused funds have seen mixed to weakening flows recently. U.S. equity funds saw about $5.58 billion of net inflows in the week ending Feb 4, but **tech sector funds experienced a notable $2.34 billion outflow, signaling a rotation away from heavy tech exposure. � Yahoo Finance This divergence is tied to broader market sentiment. Macro caution, elevated valuations, and mounting concerns over tech capital expenditure (capex) strategies — especially among mega-cap and AI-led firms — are weighing on tech stocks and prompting some asset reallocations. Tech’s soft performance has encouraged investors to take profits or reduce concentration in large U.S. tech ETFs in favor of defensive or diversified funds. � Reuters 📉 Why Tech Flows Are Shifting Sell-offs in traditional tech/software have triggered outflows as investors hedge risk. � Yahoo Finance Geographic diversification has lifted flows into Europe and Asia equities, pulling money out of U.S. tech. � Reuters Early 2026 ETF data showed strong overall inflows, but growth and thematic tech ETFs have seen moderation or rebalancing as market leadership shifts. � etf.com 📊 What This Means Fund flows are a real-time barometer of investor confidence. Current trends suggest greed giving way to caution: U.S. tech still attracts interest but faces profit-taking, rotation to value/defensive plays, and regional diversification, reflecting market uncertainty and sector repricing.#USTechFundFlows #BTCMiningDifficultyDrop #BinanceBitcoinSAFUFund
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