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Author: William M. Peaster, Bankless; Compilation: Deng Tong, Bitchain Vision World
Earlier this week, we announced the latest plan of Maker’s ambitious endgame roadmap.The main part of this transformation involves the first SubDao and SPK tokens of the SPARK community to launch MAKER.
We have introduced Spark Protocol before, but Maker may be my favorite DEFI project, so I want to understand their dynamics in the past year.
As early as 2018, I began to use Maker’s first implementation to borrow DAI stabilizer currency in ETH. This idea can pay in real life, while avoiding tax effects and no need to sell my ETH.
In 2019, I participated in the migration from the single mortgage DAI system to the modern multi -mortgage DAI architecture, and created one of the 200 first MCD vaults in history. I was still using it today.
Having said that, I am a long -term user of Maker. From this perspective,One of the most noteworthy things in recent years is the rise of outstanding new tools around the agreement.The two items thought here are Summer.fi and Spark.
at present,Spark (a DAI lending agreement) is particularly interesting,because:
In the past six months, the total value of its locking has doubled to $ 3 billion, which shows the true attractiveness and motivation.
It is the core pillar of the Maker Endgame program. In my opinion, this is the most ambitious Defi evolution today.
As part of the ENDGAME process, Maker will introduce new infrastructure to its ecosystem, all of which aims to enhance the attractiveness and reservation of its network capital.One of the pillars of the new infrastructure here will be implemented by SPARKDAO, marking the official debut of Maker’s SubDao system. At the same time, the agreement also launched the SPK tokens.
Therefore, long speaking, Spark has developed the best, the longest test, and one of the most promising DEFI projects.The price of DAI is very favorable.And it has a tokens to be released.Of course, this is currently worthy of attention.
Look at it,Spark has two main products: Sparklend and SDAI.
Sparklend is a currency market agreement that users can borrow or borrow DAI in it.It directly inserts MAKER and integrates with other top DEFI protocols such as AAVE, so its DAI liquidity is first -class.
As for SDAI, that is, Savings DAI, it is a stable currency that earns interest. It works through the ERC-4626 packaging of DAI in the Maker’s Dai Savings Rate (DSR) module.By converting DAI into SDAI on Spark, the holder can earn the income generated by the entire Maker ecosystem, and at the same time, it can still flexibly use its SDAI in other DEFI applications.
If you are interested in using Spark, I personally recommend starting from SDAI.Very simple: deposit in DAI, then hold or use SDAI, earn income over time, and then convert it back to DAI at any time.This is everything you need!At present, it is very good to earn 15% of the income every year, especially if you are a regular user of Maker and DAI.
However, like any project in DEFI, there are potential intelligent contract risks, such as potential errors.Spark has been audited, and the underlying Maker protocol is verified fortress, but it is still necessary to deposit more than anywhere that you can bear the amount you can bear, even like spark.
In addition, I don’t want to pass the bad news, but I am sorry for my American compatriots: Spark’s front end has blocked U.S. users.Even VPNs are prevented.This is not the fault of Spark. This is the error of the US political leadership, leading to the root cause of the anti -encrypted environment in the United States.
Unfortunately, this is the unfortunate reality facing Defi in the United States today.If you think this atmosphere is ridiculous, and you are an American, I encourage you to call or write to your local parliament representative, let them know why when you are a freelance, you cannot use projects like SparkIt is ridiculous.Love freedom!
At the same time, for others,Please pay attention to the first appearance of SparkDao and SPK token, which was launched in May 2024.This will be one of the important steps of Maker’s Endgame transition.In addition, you can learn the latest developments of Spark by tracking the Spark instrument panel of Blockanalitica and Defillama.
