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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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#USTechFundFlows all about the "Fund Flows." This hashtag has been trending on Binance Square today (Feb 10, 2026) because the "Big Money" is making some major moves in the U.S. Tech sector, and it's pulling crypto along for the ride. What are "Fund Flows"? In simple English, fund flows are just a way to track whether more money is being put into or taken out of specific investments (like Tech ETFs or Bitcoin). Inflow: People are buying. Prices usually go up. Outflow: People are selling and moving to cash. Prices usually drop. Why It’s Trending Right Now Earlier this month, we saw a massive outflow from U.S. Tech funds. Big companies like Amazon and Alphabet announced they were spending hundreds of billions on AI, and investors got nervous that it was "too much, too fast." Because many of the same institutions that own tech stocks also own $BTC , they often sell both at the same time to play it safe. This is why when the Nasdaq (the tech stock index) dipped last week, Bitcoin followed it down toward $60,000. The Good News: The Tide is Turning? The reason everyone is talking about #USTechFundFlows today is that we are finally seeing the selling slow down. Tech stocks started to recover this morning, and Bitcoin has climbed back toward $68,000 - $70,000. Being honest: The market is currently in a "wait and see" mode. Investors are looking for signs that the economy is still strong enough to handle all this AI spending. Until then, expect crypto to keep "dancing" to the same beat as the tech giants. #WhaleDeRiskETH #bitcoin $BNB $ETH
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