monetsupply.eth
monetsupply.eth
PYUSD-0.01%
SPK+9.30%
ETH-2.90%
$pyUSD on @sparkdotfi SparkLend is the absolute best deal available for borrowing stables against blue chip collateral short thread to break down how @PayPal, @CurveFinance, SparkLend, and the Spark Liquidity Layer fit together to make an unbeatable borrowing experience 1/
earlier today, Spark and PayPal announced a strategic collaboration where Spark will help grow pyUSD liquidity by up to $1 billion or more over the coming weeks pyUSD will now have institutional grade scale and liquidity depth within defi 2/
Spark
Spark
Spark joins forces with @PayPal to grow PYUSD supply by $1 billion within the coming weeks. Having already reached 200m deposits, this milestone reflects both the demand for PYUSD and the effectiveness of Spark’s stablecoin bootstrapping framework.
Spark Liquidity Layer has already deposited over $200 million in pyUSD on SparkLend, the 2nd largest defi lending pool with a focus on low risk blue chip collateral users can borrow tens of millions in a single transaction, while rates remain below the broader market 3/
Spark is also making it easier than ever to swap between pyUSD and other assets the Spark Liquidity Layer has seeded $30 million in a PYUSD stableswap pool on @CurveFinance, with market leading 0.001% fees and a plan to grow the pool to $100 million in the near term 4/
Gallery 1
Spark Liquidity Layer uses automation to continue scaling up our pyUSD inventory as users sell into the Curve pool, Spark automatically takes the other side keeping the price at or above USDS, enabling borrowers to build large positions without pushing pyUSD to a discount 5/
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