sparkdigital

Interesting that the first thing a bank builds for DeFi is a research desk and not a product 👀 the binding constraint on institutional allocation usually isn't appetite, it's that a risk committee needs a written basis for how a position was marked and who signed off on the method. Analytics that can't survive that review are just a nicer dashboard. So the part worth watching is whether the output is built to be defensible internally, not whether the data looks impressive 🛡️