Today, I deposited 100000 units into Spark, a "monster coin" that has been 6 times more popular in the past 3 days, to try out the financial management effect. Therefore, I wrote a tweet to argue with the experts. It's actually quite a coincidence. Just after I posted a reference to the tweet "Stablecoins Don't Allow Interest Payment" earlier, @ timzz_stleep came to me for an Alpha Call and shared Spark, which specializes in interest payment for stablecoins. Then the next day, it started to enter burst mode 🤣 This tweet will provide a detailed explanation of the origin and development of Spark, as well as its position in MakerDAO and the entire on chain world surrounding stablecoins. Spark is also a project of Aesthetic Online, and I will continue to follow up and share relevant content about it in the future. Many people may not know that @ parkdotfi is a sub project of MakerDAO, so before discussing Spark, it is necessary to clarify the final plan proposed by MakerDAO (now renamed Sky @ SkyEcosystem) three years ago. At that time, the founder @ RuneEk published a five stage roadmap for MakerDAO's future in the community. The original link is as follows https://forum.sky.money/t/the-5-phases-of-endgame/20830 The short-term goal in this plan is to increase the supply of Dai stablecoin to over 100 billion within 3 years. The first step is to reshape and unify the brand, renaming Dai and MKR to new stablecoin and governance token names. Therefore, Dai is now renamed USDS, while MKR will be renamed SKY in September. At present, the total amount of USDS+Dai is 9.2 billion US dollars, so we have only achieved one tenth of the three-year target of 100 billion US dollars, and there is still a long way to go. The second step is closely related to the birth of Spark, that is, MakerDAO will launch six sub DAOs, each of which will undertake specific tasks and have its own governance mode, thereby simplifying the overall governance process and workload of MakerDAO. The most important thing in the planning of this sub DAO is that MakerDAO itself will no longer directly touch the business, but only play the role of a central bank. Therefore, sub DAOs can borrow stablecoins from the Maker protocol at a very low interest rate, and then transfer them to other third-party Defi protocols to obtain profits. Because sub DAOs bear all maintenance costs and credit risks, sub DAOs can charge third parties higher interest rates than those borrowed from the Maker protocol, thereby earning the price difference. And now Spark is the first sub DAO born in the second step of this roadmap. MakerDAO can be understood as the central bank, and Spark is the first and currently the only commercial bank of the central bank. There are still three steps left to introduce AI, strengthen governance, and launch new chains, which will not be elaborated here. Currently, this roadmap has been implemented to the second step, and Spark is the core of the second step. So because MakerDAO has a huge reserve of stablecoins, Spark plays two core roles in the entire MakerDAO ecosystem, and even in the entire on chain world, as shown in the following figure 1. For holders of stablecoins, help them find safer and more sustainable high returns. 2. For protocols such as Defi, help them deliver liquidity without relying on third-party capital. mobility! mobility! mobility! Everyone has already developed calluses from hearing this word. Whoever masters the fluidity will master the valve for opening the upstream gate to release water. Therefore, MakerDAO is responsible for storing water in the reservoir, and Spark is responsible for diverting water in the canal. Currently, Spark ranks sixth in TVL among all Defi protocols, injecting a total of $4.6 billion in liquidity externally and generating $200 million in revenue. The following chart shows the ranking of allocated funds. The first one is Spark's own lending, and the second and third are the two hottest new Defi projects of this cycle, Morpho and Ethena, respectively. The fourth one, you read correctly, is BlackRock. The above is the background and achievements of Spark's birth. If stablecoin is the biggest narrative in recent years, helping users solve the source of stablecoin income and injecting stablecoin liquidity into the protocol is the most important business of this cycle, which is what Spark is doing. Welcome to use my recommended link to enter Spark for deposit ❤️ https://app.spark.fi/points/2FRXDE