Is Your Stablecoin Earning You Money? w/ CEO of Phoenix Labs and Contributor to Spark
The Milk Road Show
Intro
This chapter explores the innovative landscape of stablecoins, focusing on the Maker ecosystem and its subDAO Spark. It highlights Spark's recent financial growth, the implications of a new liquidity layer, and the anticipation surrounding the launch of its own token.
Is your stablecoin earning you money? Probably not. While most stablecoins sit idle, there's a revolution happening in DeFi. We're talking 9.5% yield on USD-backed stablecoins, and it's not some risky algo-stable magic. This is real yield, powered by Spark Protocol and the MakerDAO ecosystem. In today's episode of The Milk Road Show, Sam MacPherson, CEO of Phoenix Labs and contributor to Spark, joins us to uncover the secrets behind sustainable, high-yield stablecoins, the future of multichain stablecoins, and the explosive growth of Spark Protocol's revenue.
~~~~~
💸 Get your FREE GUIDE on how to build a pain-free crypto portfolio in 2024:
https://milkroad.com/subscribe/get-the-guide/?utm_medium=audio&utm_source=podcast
🥛 Get smarter about crypto in 5 minutes with our daily, free newsletter:
https://link.milkroad.com/newsletter-podcast
💰 Go PRO and become a better investor with the #1 crypto research and analysis:
https://link.milkroad.com/pro-podcast
~~~~~
🛡️ Secure your family's future with Bitcoin & join the waitlist for Meanwhile, the world's first Bitcoin life insurance:
https://out.milkroad.com/Meanwhile2024Podcast
🚀 Unleash the power of leveraged MicroStrategy plays:
https://out.milkroad.com/REXShares2024Podcast
~~~~~
✊ Follow Milk Road on Social Media:
👉 Milk Road Twitter: https://link.milkroad.com/pod-x
👉 Milk Road Instagram: https://link.milkroad.com/pod-ig
👉 YouTube: https://www.youtube.com/@MilkRoadDaily?sub_confirmation=1
~~~~~
📺 Recommended Watching 📺
Maker episodes:
Why This Leading Contributor Exited Maker: The Bear Case Explained w/ PaperImperium:
Time to Sell Maker? Or Buy More at a Bargain Price? w/ Milk Road PRO Researcher:
Base:
6 Reasons Investors Shouldn’t Ignore Base Right Now w/ Zeneca:
~~~~~
🎙 GUEST INFO 🎙
Sam MacPherson's X: https://x.com/hexonaut
Sky's X: https://x.com/SkyEcosystem
Sky's website: https://sky.money/
Spark's website: https://spark.fi/
~~~~~
⏱ TIME POINTS ⏱
00:00 - Intro
02:48 - Meanwhile
03:26 - REX Shares
03:54 - The long-term role of yield-bearing stablecoins (USDS/DAI) in DeFi
08:22 - The interplay of DAI and USDS
10:10 - The ideal USDS user profile
12:45 - The importance of multichain functionality for USDS
14:25 - Analyzing the doubling of annual revenue in the past month
17:14 - Spark's exponential growth: sustainable or temporary?
18:43 - Understanding Spark liquidity
26:00 - Introducing the Spark token
29:19 - The relationship between Aave and Maker
31:48 - Sam's perspective on Maker's decision-making process
36:30 - Sam's perspective on the Maker to Sky rebrand
📃 Disclaimer 📃
The information presented in this video is for educational and informational purposes only. It should not be considered as financial, legal, or tax advice. The views and opinions expressed by the speakers, are their own and do not constitute professional advice. Investing in cryptocurrencies carries significant risks, including the potential for substantial losses. Viewers should consult with a qualified financial professional before making any investment decisions.
The AI-powered Podcast Player
