Daniel
407 posts

Daniel
@MoveMentorOn
just a stupid believer $pDai ➡️ 1💲





Friedrich Merz zeigt sich „tief enttäuscht“ vom Scheitern der Chatkontrolle in Brüssel – und will sie jetzt auf nationaler Ebene durchsetzen. Bis zum Sommer soll ein entsprechender Entwurf im Kabinett beschlossen werden. apollo-news.net/schwerer-rueck…








Sky @MakerDAO acts like a central bank with governance-set rates and flexible collateral (including offchain). In 2025: $338M revenue → $194M paid to Savings. Current breakdown (55% direct loans + 45% via “Stars” uncollateralized credit lines): 1️⃣Direct (55% of income): - PSM (~44%): Largest; USDC earns Coinbase rewards. - Crypto vaults: Modest “tithe-sized” yield (mainly ETH/wsETH). - Legacy RWA: Declining share. 2️⃣Via Stars (45%; key = Spark): Spark is the main flexible allocator (~20–65% of revenue). - Sparklend loans (~33–38% of Spark yield): Mostly WSETH recursive looping (~50%); some stablecoin borrowing (USDT decoupled). - Offchain/institutional redeployments (majority of Spark yield; ~50:50 on/offchain overall): Maple (institutional loans vs. BTC/XRP/SOL/HYPE at 6–9% + redeployments to Aave/syrupUSD/etc.), Anchorage (BTC loans <6.5%), PayPal rewards, Morpho/Ethena, etc. - Grove: Janus Henderson funds (JAAA CLOs/cash-like ~47%, JTRSY T-bills ~17%, BlackRock BUIDL ~15%).
















