The bridge between TradFi and DeFi has never been clearer. Onchain asset management in action.
Lucas Manuel ⚡
Lucas Manuel ⚡6.8. klo 23.27
Three legitimate onchain protocols creating value at large scale: @SkyEcosystem 🤝 @sparkdotfi 🤝 @maplefinance 1. Spark borrows $530 million from Sky. 2. Spark deploys the $530 million into syrupUSD. 3. Maple lends this capital to institutional borrowers who pay interest. 1. Spark pays Sky the "base rate" (5.05%, $26.7m in annual interest). 2. Spark deploys into syrupUSD earning 6.74% yield (1.69% spread, $8.96m in annual revenue). 3. Maple earns performance fees from the gross interest generated in their pool.
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