Widow Maker: chartsmarter.com/2023/05/26/tec… "will $NVDA become the 6th trillion dollar company? Very likely in the near term but a little back and filling on tap. $INTC lags last week, down on the week as $SMH roared. Setback or opportunity? $WOLF breaks ABOVE bear flag." $EA $JBL $CARG
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Bernard Schwartz and I wrote this on Friday. The events of this weekend certainly seem to bear out its core points. FYI, in case you missed it then: Joe Biden Is the Master Deal Maker America Needs Right Now via @thedailybeast
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95% of all assets deposited in Spark Protocol as collateral are represented by @LidoFinance's wstETH (~$10.85 million)
Fresh liquid staking ETH flowing into Maker, facilitated through third-party D3M integrations.
Spark Protocol's DAI borrows maxed out 📈
The DAI borrowed through Spark Protocol has reached its first D3M debt ceiling of 5 million DAI as the total value locked surpasses the $10 million mark!
Some important points to highlight, below ↓
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The demand for the WSTETH-B vault type continues to surge, reaching a new all-time high in DAI supply 📈
Over the past week, the Maker Protocol has received deposits of more than 100k wstETH, contributing to a current TVL of over 530k wstETH!
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This is the big challenge for DeFi: to remain competitive in a period of rising interest rates...
@MakerDAO sees proposal to raise the DAI savings rate to 3.33%
In France, the "Livret A" offers 3% rate, and maybe soon 4% with GUARANTEED CAPITAL
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Spark Protocol's DAI borrows maxed out 📈
The DAI borrowed through Spark Protocol has reached its first D3M debt ceiling of 5 million DAI as the total value locked surpasses the $10 million mark!
Some important points to highlight, below ↓
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1) The entire 5 million DAI borrowing on Spark Protocol has been achieved at a rate of 1.11% — Spark's borrowing rates remain unaffected by utilization, thanks to the direct injection of liquidity via D3M.
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🤩 Great meeting @01a1 Metaverse studio in Shanghai 🇨🇳, creators of Maya Water Park and Chongqing Underground City experiences in @TheSandboxGame - their team is so talented @DmArcherDW @kinhim1 @bijuaimu @iamCC_01a1 @ZhiqiSong & working on exciting concepts with Game Maker 0.8
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⚔️ @acryptosdao New Vaults For @SoluneaDex On #Arbtirum Network!
✅ ACS-ETH
✅ ARB-ETH
✅ SLNA-ETH
✅ USDC-ETH
✅ Liquid Staking veSLNA
✅ ACS-acsSLNA
✅ USDC-USDT
✅ DAI-USDT
⬇️Stake Here:
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A new MakerDAO proposal is looking to make a hefty increase of the DAI savings rate from 1% to 3.33%, with some tipping it to push rates up “higher across the DeFi landscape.”
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According to MakerDAO, the DAI savings rate was raised to 1% in December 2022, resulting in the deposit of 35 million DAI in a single month.
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MakerDAO gets proposal to raise DAI savings rate to 3.3%
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CEO Of ChatGPT Maker OpenAI Will Testify Before Senate Panel Next Week
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.@MakerDAO has launched @spark_protocol, a front-end access lending protocol designed for $DAI. But it's not available in the U.S.
The risk was deemed too high," @phoenixlabsdev's @hexonaut explains.
Watch the full conversation: coindesk.com/video/phoenix-…
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