Lido Staked Ether price

Liquidity tokens such as stETH solve two major issues for spot ETFs… -Liquidity (obviously). Think about what happens if ETF faces meaningful redemptions. Takes time to unstake ETH. -Higher yield. Can stake greater % of fund assets. Begs question… who’s filing for stETH ETF?

[The core of Spark's design is to make "interest" natively composable] In Spark's design, borrowing is just the appearance, and interest is the core. The question Spark wants to solve is not "how much can I borrow?" but "how do I build a sustainable, composable, and callable interest rate engine on-chain?" ” 1. Spark is not a platform, but an on-chain interest system Spark's product modules look simple, but in fact they are designed with three layers: (1) Savings module: Users can deposit USDC or DAI into the savings pool and get an annualized interest rate of about 4.5%, and the interest comes from DSR + protocol scheduling. (2) Lending module: Support staking of blue-chip assets such as ETH, stETH, cbETH, rETH, wstETH, etc., and lend Spark's own stablecoin USDS. (3) Spark Liquidity Layer: The protocol will automatically deploy part of the liquidity to external protocols such as Aave and Velodrome to improve the utilization rate of funds and compound returns. These three parts work together to form an underlying system of "on-chain spread bank": the pool can generate interest margins, and Spark autonomously dispatches this part of the value, and determines the distribution path through governance. Second, interest becomes a composable module, which is the core innovation of Spark In traditional DeFi protocols, interest is a passive by-product that is the result of matching supply and demand in the market. In Spark, interest is the core asset that can be designed, encapsulated, scheduled, and redistributed: (1) Income encapsulation: Users obtain income assets such as sUSDC and sDAI, without additional pledge or conversion, and the income is automatically accumulated. (2) Module scheduling: Spark DAO can adjust interest rate sources (such as DSR), scheduling strategies, and risk exposure. (3) Compound interest in the system: Users can repatriate funds by "lending USDS → and depositing them into the savings pool" to enhance personal income and system stickiness. (4) Governance binding: SPK tokens can be used to participate in the governance and revenue sharing of these funding paths in the future. In other words, Spark turns "interest" from a by-product of DeFi into a native unit of protocol design. 3. Summary: The essence of Spark is a set of interest programming systems What Spark wants to build is not a "super lending platform" on a certain chain, but: (1) a native interest rate generation engine; (2) a modular and combinable set of revenue tools; (3) A system that makes interest circulable, shareable, and governed. Its product structure is not to make TVL rankings, but to build a "on-chain bank-type" long-term financial order - this is what sets Spark apart. @sparkdotfi @cookiedotfun #Spark #SparkFinance #COOKIE

Remember when Somm vaults were the top LPs on Uniswap V4? Next up…@unichain 🦄 Get ready for Alpha STETH

[Spark: When on-chain interest becomes a public asset] In the hustle and bustle of the DeFi market, where most protocols are vying for TVL, driving up yields, and engaging users with aggressive incentives, Spark is trying to do something cool, but systemic: make "interest" one of the most important public infrastructures on the chain. 1. What does Spark do? Spark is a lending protocol built around DAI and USDS, but its core is not about matching loans, but about how to organize the flow of funds on the chain: (1) You can deposit DAI or USDC to get a long-term, stable, and nearly 4.5% annualized return; (2) You can use ETH, stETH, rETH and other assets as collateral to lend USDS; (3) The system will also send part of the capital flow to protocols such as Aave to form a closed loop of income. Spark is built as an "on-chain spread bank" system - not to serve individuals, but to serve the entire stablecoin ecosystem. 2. What is so special about Spark? It's not so much another Aave as it is an extension of MakerDAO. Spark itself is managed by Sky Protocol, using Maker's DSR rates, governance framework, Oracle modules, and even a liquidation mechanism. You can think of it as: Maker is the central bank and Spark is the commercial bank. Spark is the main distribution and revenue landing tool of the stablecoin DAI. 3. Why is it worth paying attention to? Because Spark is not a question of "whether it will go up", but "whether it will be long-lasting". (1) it doesn't take off on memes, it's driven by real spreads; (2) its income is not obtained by market making, but by real lending and inter-protocol collaboration; (3) It is not designed for speculation, but to be the core circulation platform of DAI's long-term interest rate anchor. Fourth, summary If you're looking for the kind of "get in today, double tomorrow" project, Spark is clearly not for you. But if you're thinking: In the future, can the on-chain interest market be relied on by the entire Web3 like the U.S. Treasury interest rate? Then you will most likely find some structural designs in Spark's model that are worth long-term observation and study. @sparkdotfi @cookiedotfun #Spark #sparkdotfi #SparkFinance #Cookie