Can an established AI Agent and an established DeFi project, combined with a 'new' business logic, rejuvenate?
Cookie's initial points activity chose to cooperate with Spark, and the project quality is beyond doubt. So, what opportunities does this mean for us? Let's sort it out.
➤ Information Analysis:
1️⃣ AI Agent: Cookie
1) Cookie, as an established AI Agent project, has gradually faded in popularity after its initial hype, with few people paying attention;
2) However, five days ago it launched a model similar to Kaito, incentivizing bloggers to post on social media through airdrop expectations, then using AI to score the articles, allowing them to climb the rankings or earn points, ultimately distributing airdrops. This move brought Cookie back into the public eye;
3) Kaito's business logic has been proven feasible, but its 'AI content' has always been criticized, and this is precisely Cookie's strength. With technological advantages, breaking through should not be a problem;
4) From the performance of token prices, since Cookie launched its new feature on May 20th, the price doubled within 24 hours and has remained stable to date;
5) Currently, Cookie's circulating market value is only 1/4 of $KAITO, and its fully circulating market value is only 1/5, indicating considerable growth potential.
2️⃣ DeFi: Spark
1) Spark is the leading lending protocol after the established DeFi protocol MakerDAO transformed and rebranded to SKY;
2) According to DeFiLlama data, Spark's current TVL has reached $5.904b, ranking fifth among all DeFi protocols, showcasing significant strength;
3) However, Spark has not had a strong presence, mainly because the original MakerDAO was too deeply bound to ETH, and its core product, the stablecoin $DAI, is restricted by the minting mechanism and the $ETH bundling, leading to a clear ceiling;
4) In addition, as the fifth-ranked DeFi protocol, the collateral currencies supported by Spark are pitifully few, currently only supporting Ethereum (though it can switch to Base and Arbitrum, the lending function has yet to be opened).
➤ Logical Analysis:
1) If the airdrop expectations for Cookie are sufficient, or if the initial cooperation with Spark can provide enough airdrop rewards, then it can at least spark a three-day craze on Twitter, attracting a lot of attention;
2) Moreover, Cookie's token price is indeed much lower than Kaito's. Once the hype is successfully built, a wave of increases is bound to follow, and subsequent support can follow suit;
3) For Spark, if there are no subsequent major moves, it seems unnecessary to hold activities on Cookie. I boldly speculate: Spark may plan to expand its business by riding a wave of hype, supporting more chains and tokens to enhance its competitiveness.
➤ Opportunities:
1) Participating in Cookie's activities, writing articles to earn airdrops, is still a viable strategy;
2) It might be worth betting on Cookie's token price increase, but the prerequisite is that the subsequent airdrop intensity is large enough, with sufficient collaborations with other projects, and the benefits are attractive enough;
3) If Spark opens up further, it will provide more options for saving and earning for DeFi enthusiasts, and if subsidies can be issued, it will be even more attractive;
4) As part of the @SkyEcosystem, Spark itself may not necessarily issue a token, but its parent token $MKR may usher in a wave of opportunities as a result.
➤ Further Reading:
1) The previous analysis of @KaitoAI's article still applies to Cookie: https://www.binance.com/zh-CN/square/post/19628908779018
2) For a deeper analysis of the differences between Kaito and Cookie, you can refer to @BTW0205 Teacher Wu's post: https://x.com/BTW0205/status/1925732172897341648
Perhaps, Cookie and Spark can really achieve mutual success and spark something different!
DeFi Enthusiast: BitHappy
