休息日最适合看影片了，不过今天要看的是 @DeFi_Dad 采访 @hexonaut 的视频，主要讲的内容是关于 @sparkdotfi 的架构配置，来浅浅解读一下 刚开始就不难看出 Sam MacPherson （@hexonaut） 是真的不喜欢银行，一顿吐槽：We're not a bank. I mean, banks suck. Like, they pay you nothing, they keep all the money for their, you know, the shareholders, and like, this is just not the world I want to live in.😂 （我们不是银行。我的意思是，银行很烂。他们什么都不付，把钱都留给股东，这根本不是我想要生活的世界。） —— 你是个英雄，我看好你！ Sam说到他进入这个行业，是为了帮助用户，尤其是那些被传统金融排除在外的人，可能 @hexonaut 在入圈之前淋过雨，所以才会更想着给其他人撑伞 其实 @sparkdotfi 是 @SkyEcosystem （原MakerDao）重组后的其中一个子DAO称之为Star，Spark在SKY的业务基础上拓展了出去，Sky 向多个子 DAO 批发资金，然后子DAO再进行资金管理，能够脱颖而出的都是佼佼者 MakerDAO之所以会重组，主要是因为原本 MakerDAO 的治理方式效率不高，流程冗长，推动项目的速度慢，然后就在 2022 年提出了Endgame 提案，采用了分层治理结构的方式：母公司（Sky DAO）不参与增长业务，只做规则制定和资源配置，下面的子DAO们SubDAOs（Stars）就得各自独立，灵活运作，推动创新和市场竞争 SparkLend里D3M技术，D3M是一个可以直接存款的模块，在之前CDP系统的基础上存入获得一个不错的年化收益，这还是在21年推出的产品一度增长到了$200M,也是自动运行式受益的核心之一，提供流动性 Sam在快结尾的时候聊了一下关于RWA的内容，并且出了一句金句：opaque systematic risks that sneak up on you, such as the global financial crisis （不透明的系统性风险悄悄袭来，例如08年的金融危机） Spark在RWA方向的中心还是建立在稳定币的基础上，在足够透明，足够完善的Defi生态环境里把现实资产搬上链，可以解决在传统金融中遇到的各种复杂问题，对所有的资金的去向进行复杂的审计和分析 @cookiedotfuncn @cookiedotfun #Cookie #Spark #Snap #InfoFi It’s the weekend—perfect time for a good video. But today’s pick isn’t Netflix, it’s @DeFi_Dad’s interview with @hexonaut, diving deep into the architecture behind @sparkdotfi.👇 Right off the bat, you can tell Sam MacPherson really isn’t a fan of banks. He goes: "We're not a bank. I mean, banks suck. Like, they pay you nothing, they keep all the money for their, you know, the shareholders, and like, this is just not the world I want to live in." —— You are a hero, I believe in you! 🔥 Shots fired. Sam makes it clear he’s in this space to build for the people—especially those left out by traditional finance. Sounds like he’s been through the rain before stepping into Web3... and now he’s trying to build the umbrella for others. So what exactly is Spark? It’s one of the SubDAOs—called Stars—spun out from @SkyEcosystem (formerly MakerDAO). Think of Spark as a growth engine that evolved from Maker’s foundation. Sky allocates capital to these Stars, and the best ones prove their value by managing it effectively. Why the split? The OG MakerDAO had governance issues: too slow, too bloated. In 2022, they introduced the Endgame plan—basically splitting things up. Sky (the parent DAO) handles high-level rules and capital distribution. SubDAOs like Spark run independently, stay nimble, and compete to innovate. One of Spark’s core features is D3M—a deposit module first launched back in 2021. It allowed users to earn solid yield on deposits using the underlying CDP system. At its peak, it hit $200M in TVL. It’s also a big part of how Spark auto-generates yield. Toward the end, Sam drops a gem while talking RWA (real-world assets): "Opaque systematic risks that sneak up on you, such as the global financial crisis." Basically, Spark is building RWA solutions on top of stablecoins—but the key difference is transparency. In DeFi, they aim to map every dollar, audit everything, and avoid the murky mess that helped trigger past crises. If they pull it off, we could finally see real-world assets live on-chain in a clean, accountable, and scalable way. @cookiedotfuncn @cookiedotfun #Cookie #Spark #Snap #InfoFi