monetsupply.eth
21.6K posts
monetsupply.eth
@MonetSupply
head of strategy @sparkdotfi, angel investor, prev @blockanalitica
New York, NY Katılım Şubat 2020
2.7K Takip Edilen33.5K Takipçiler
I’m currently looking to reallocate to another country after the summer, and looking to rent in an area that has a top wellness center that I’ve fallen in love with and that would improve my quality of life a lot.
A training center with outdoor heated swimming pool year round, both tennis and padel courts with lessons included, very high quality semi outdoor gym, sauna and spa, yoga and hiit activities, with good restaurant on the spot, also massages, physiotherapy, and all that at the same place, 10-15 minutes from home, is such a massive quality of life improvement. Hours of outdoors time, close to nature, hours of the two sports I love and practice the most (tennis and padel), good food after having trained, and overall just wellbeing. Money is well used when it buys experiences that improve your life or leave you in joy or wonder, not things or stuff to flex on the internet in this humble farmer’s opinion.
I’m also buying a good car next week (nothing ridiculous, a Lexus), after having had the same car for 17 years (its total age is 23, so older than many of you).
And can’t stop but think that it’s at least been partially financed by dumping $SPK, $ENA, $BERA, $W, $EDEN, $CHIP, $KMNO, $TNSR, $HYPE (oops), $LIT, $S, $RESOLV, $AEVO, $EIGEN, $PARCL, and a lot, lot, lot more useless governance tickers that I’ve chosen to forget. It doesn’t hurt to be grateful with defi for once. 🙏
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monetsupply.eth retweetledi
.@hexonaut joins @sam_vadas to discuss demand for stablecoins and @sparkfinance's position in the stablecoin rollout.
"Stablecoins have actually found product-market fit despite the lack of regulatory clarity," he says.
For more market news, tune in at: SchwabNetwork.com/?CID=SM:Twitte…
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@WazzCrypto @ethena they’ve also switched their primary peg asset to onshore stables (usdc/usdg) from usdt, which suggests to me that they don’t anticipate basis becoming meaningful share going forward
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first multichain instance of Spark Savings spUSDT lands on @arbitrum!
this vault is linked with the spUSDT vault on mainnet via the Spark Liquidity Layer, making this the most liquid USDT earn opportunity on Arbitrum by an order of magnitude
Spark@sparkfinance
Spark Savings on Arbitrum now supports USDT0. Builders can now integrate savings across USDC, USDS and USDT0, supporting stablecoins representing over 90% of @Arbitrum's stablecoin supply. Embed Spark Savings directly into your application using standard ERC-4626 vaults. Learn more: @spark-11/spark-savings-on-arbitrum-now-supports-usdt0?referrer=0xA45F1D29943D19dff604133287047a35ccbADc8a" target="_blank" rel="nofollow noopener">paragraph.com/@spark-11/spar…
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monetsupply.eth retweetledi
@Uniswap's stablecoin liquidity just got even deeper
To share more about why this is cool🦄
Spark recently moved $150M into @Uniswap across USDS/USDT, USDS/PYUSD, and more pairs soon
Notably, a long-standing feature of Maker/@SkyEcosystem is offering the PSM, which allows USDS/DAI to be converted for USDC at billions in size
What did Uniswap do?
We built a v4 hook that directly taps into the PSM, at the Uniswap protocol level, not via our API routing on top
Why this is cool
Spark currently LPs $50M into USDS/USDT - with this hook, the protocol treats USDS and USDC as equivalent. Now this LP position can more easily service trading between USDC-USDT via the multihop, a market that trades hundreds of billions per year.
Many routing solutions in the market today do integrate with the PSM, but by Uniswap doing it at the protocol level, multihop trades became more gas efficient, and also now more simple as everything is handled inside one protocol, @Uniswap
With the PSM hook, USDS, USDC, and DAI are all treated the same with the protocol, deepening the network effects of stablecoins within Uniswap. This is greatly beneficial to parters like @sparkfinance who now can expect greater flows for their AMM activity
Uniswap@Uniswap
Uniswap now routes through LitePSM That means any route that needs a DAI, USDS, or USDC leg can clear that hop at parity Sky's Peg Stability Module offers hundreds of millions of dollars in depth with effectively no price impact
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stablecoin FX layer just got a lot more powerful, with @Uniswap natively routing flow between @sparkfinance liquidity pools and the @SkyEcosystem PSM
users now have seamless access to liquidity between USDS, USDC, USDT, and PYUSD. which stablecoin should join next?
Spark@sparkfinance
The next milestone for the Stablecoin FX Layer When we launched the FX Layer on Uniswap v4, the objective wasn't simply to deploy liquidity. It was to rethink how stablecoin liquidity is coordinated. The initial deployment brought $150M to Uniswap v4 and processed $70M+ in volume within its first three days. Today's integration of @Skyecosystem's LitePSM into @Uniswap's routing infrastructure is another important step towards that vision. Why? Because the Stablecoin FX Layer is designed to unlock a different liquidity model: - Reduce the need for every new stablecoin issuer to bootstrap liquidity from scratch. - Coordinate liquidity across multiple stablecoin pairs. - Put idle capital to work whilst maintaining instant liquidity. - Improve execution through deeper, connected routing. With LitePSM, USDS has direct 1:1 convertibility with USDC, allowing Uniswap's router to access one of the deepest sources of stablecoin liquidity when determining the best execution path. The result is: - Traders: access deeper liquidity and lower slippage - Stablecoin issuers: connect to a shared liquidity instead of bootstrapping it from scratch. - Builders: Build apps on shared liquidity infrastructure, not fragmented pools. Today's integration is the next milestone. The Stablecoin FX Layer wasn't a one-off launch. It's an evolving liquidity architecture, and every new integration strengthens the network.
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@0xMakima_ @SkyEcosystem @ethena @grovedotfinance @SteakhouseFi think they deposited to the pool directly?
gotta be honest supplying to defi for below tbill rate still doesn’t make sense to me but if their users don’t mind then I guess all good lol 👍
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hey @SkyEcosystem @MonetSupply you forgot to fud @ethena recursiveness here
oh wait is it because @grovedotfinance aka @SteakhouseFi now shares the same vault with you
it is ok then 👍👍
Tom Wan@tomwanhh
Robinhood Chain has hit another milestone, surpassing $200M in stablecoin market cap. Look closer and the key catalyst is none other than Ethena, the leading asset manager in the space. They currently hold: • $50M in USDG on Robinhood Chain • $50M in the Ethena x Steakhouse USDG vault In total, Ethena accounts for close to 50% of all USDG supply on Robinhood Chain. Data from @EntropyAdvisors
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monetsupply.eth retweetledi
@psyopsec_ltd @RobinhoodApp currently borrow rate is about equal to collateral yield, should get better tho as more rh users get access to the earn product and deposit liquidity
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still early days, but this is why Spark Savings is lapping the next 2 largest yield bearing tokens on @RobinhoodApp combined
atomic looping with no slippage, users can full-send a 1mm clip while other issuers dont even have that amount of liquidity available on the chain
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the @SteakhouseFi Box/Turbo vault + @Morpho vault combo is pretty cool
morpho vault allocates liquidity, and turbo vault borrows it out to loop when the financials make sense
add in @sparkfinance savings as collateral for atomic/no-fee loop+unloop and its a powerful yield engine
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difference is even bigger in reverse direction (unlooping)
issuer 1: that'll be 5-10bps fee (after bridging to ethereum) or try your luck in the illiquid secondary market
issuer 2: please come back in 24-72 hours to claim
spark savings: atomic with no fees at scale
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this day 1 integration with @RobinhoodApp chain is an awesome demonstration of Spark Saving's unique value prop
yield is generated via Spark's conservative allocation strategy, with mint/redeem friction handled on the backend allowing users to loop/unloop atomically with no fees
Spark@sparkfinance
.@Robinhoodapp's launch is about more than another Earn product. It demonstrates how regulated financial institutions can build native stablecoin savings products without rebuilding every layer from scratch. It also signals a broader market trend: institutions increasingly combine specialist infrastructure providers with allocation intelligence to power the next generation of stablecoin financial products. We took a closer look at Spark's role in the USDG ecosystem, and why we think this launch marks an important step in the evolution of stablecoin-powered financial products. Read more here: @spark-11/why-robinhoods-usdg-launch-matters-beyond-crypto-earn?referrer=0xA45F1D29943D19dff604133287047a35ccbADc8a" target="_blank" rel="nofollow noopener">paragraph.com/@spark-11/why-…
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.@united wifi throttling github is diabolical 😭 let me cook
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