The Future Star of Stablecoins: Spark, Along with Participation Tutorial
Recently, the secondary market has not been doing well, and staking ETH and SOL for airdrops is not reassuring; the value of the airdrop may not even match the decline of ETH and SOL. Therefore, I, Chili Brother, have been searching for projects to earn airdrops using stablecoins because at least stablecoins won't drop in value. Recently, I discovered that Spark allows participation with stablecoins, and it has a solid background.
Spark is a DeFi application that belongs to the Sky ecosystem (formerly MakerDAO), focusing on on-chain capital allocation and liquidity management. People familiar with the crypto space should know about MakerDAO, which was established in 2013 and has stood the test of time for 12 years. Spark is a project incubated by MakerDAO itself. Let's take a look at Spark's current products. Spark's current offerings include Spark Savings (earning returns on stablecoin deposits) and SparkLend (decentralized lending market), managing assets exceeding $6 billion, with an annual income of approximately $355 million. Therefore, Spark not only has the backing of a long-standing project but also manages a substantial scale, making it self-sustainable and less likely to exit scam. Additionally, Spark has received support from top institutions such as a16z and Paradigm, with a total asset management scale exceeding $8 billion, categorizing it as a large project. This is the kind of financially robust project that I, Chili Brother, prefer.
