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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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USNFPBlowout
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🚨US JOB DATA JUST SHOCKED EVERYONE Everyone was waiting for a weak job print after Kevin Hassett's comment yesterday. But the exact opposite happened. The unemployment rate came in at 4.3% vs. 4.4% expected. The US economy added 130,000 jobs in January, the highest since April 2025. The US private sector added 172,000 jobs in January, the highest level in a year. This was a strong job report, which means March rate cuts are probably off the table now. $BTC $ETH $XRP #USNFPBlowout #USRetailSalesMissForecast #USTechFundFlows #WhaleDeRiskETH #GoldSilverRally
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