Dai PriceDAI

Plasma, a startup focused on stablecoins, raised an impressive $500 million in its latest public token offering, far surpassing its initial target. On June 9, Plasma announced on X that its public token sale for XPL sold out in just 40 minutes. The team initially planned to raise $50 million but had to revise it twice, first to $250 million, then to $500 million, after overwhelming interest from buyers. In total, more than 1,100 wallets participated in the token sale, with a median deposit of approximately $35,000 per wallet. The XPL token sale accounted for 10% of Plasma’s total token supply, implying a fully diluted valuation of $500 million, consistent with the valuation from its earlier equity round, which was backed by Founders Fund. Participants in the sale were required to deposit stablecoins into a vault hosted on Ethereum, with support for USDT, USDC, USDS, and DAI. Unlike traditional first-come-first-served token launches, Plasma implemented a time-weighted deposit model that rewarded early and longer-held deposits with a greater allocation of tokens. All deposits were processed through smart contracts audited by Veda, a well-regarded blockchain infrastructure firm. At the time of the sale, Veda’s audited contracts managed over $2.6 billion in total value locked, lending credibility and security assurances to the process. Plasma is a blockchain designed to enable fast, scalable, and low-fee stablecoin transactions. It is a Bitcoin sidechain that is fully compatible with the Ethereum Virtual Machine, which allows it to support a wide range of decentralized finance applications while benefiting from Bitcoin’s robust security layer. The XPL token will function as the native cryptocurrency of Plasma’s planned blockchain. By optimizing for stablecoin transactions and enabling zero-fee USDT transfers, Plasma wants to position itself as a high-performance settlement layer for payments, remittances, and DeFi services. Plasma has steadily drawn the attention of top-tier investors since late 2024, including Founders Fund, Framework Ventures, and Bitfinex . The project kicked off with a $3.5 million seed round in October 2024, followed by a $20 million Series A in February 2025, led by Framework and joined by Nomura, Bybit, and 6th Man Ventures. Plasma’s token sale comes at a time when major jurisdictions across the globe are advancing stablecoin regulation. For instance, regulators in the United States recently moved forward with the GENIUS Act , a bipartisan proposal that would establish a federal framework for payment stablecoins. Meanwhile, last year, the European Union’s Markets in Crypto-Assets framework (MICA) came into force, with stablecoin provisions taking effect in June 2024 and full implementation coming into effect by the end of December.

not everything needs to be on-chain. spotify, youtube, uber, netflix, etc all work perfectly fine off chain don’t put anything on-chain that does not require the benefits of the blockchain. you only need a chain if you are dealing with large amounts of money and security decentralisation also used to be important but that’s out of the window, no one cares anymore DAI was the only decentralised stablecoin, usdc and tether are as decentralised as microstrategy

GMGM，大盘涨到11万，ETH也突破2700，手上的山寨跟土狗一直阴跌🤯🤯 昨天的 @VerseWorld 为了给 @pumpdotfun 发币铺垫，起手400M市值，算了还是继续嘴撸 @cookiedotfun @sparkdotfi 吧 昨天开始嘴撸，今天起床，加了0.2分，排名来到了2336 1⃣隆重再介绍一下 @sparkdotfi @sparkdotfi 是一个由 Sky（原 MakerDAO）团队开发的去中心化金融（DeFi）协议，专注于 借贷市场 和 稳定币收益优化。自 2023 年上线以来，其 TVL（总锁仓量） 已突破 24 亿美元，成为 DeFi 借贷领域的重要参与者。 Spark 的核心目标是 提供透明、去中心化的金融工具，让用户无需依赖传统银行即可获得稳定收益。其宣传口号强调 “Spark 不是银行，不设壁垒”，体现了 DeFi 的开放精神。 2⃣核心功能与技术架构 （1 核心功能 去中心化借贷市场：用户可抵押 ETH、WBTC 等资产借入稳定币（如 USDS、USDC），并获得收益。 稳定币收益优化：通过 sUSDS（储蓄 USDS） 提供比传统银行更高的利率，并支持跨链收益（如 Base、Optimism 等 Layer 2 网络）。 SNAPS 积分系统：与 @cookiedotfun 合作，鼓励用户通过内容创作（如数据分析、教程）获得奖励，可能关联未来代币空投。 跨链扩展：已集成 Optimism、Base 等 Layer 2，并与 以太坊 Superchain 生态深度结合。 （2 技术亮点 模块化设计：可与 Aave、Morpho 等协议无缝集成，提升资本效率。 隔离借贷（Siloed Borrowing）：不同资产池独立管理，防止单一资产暴跌引发系统性风险。 与 Sky 生态协同：利用 MakerDAO 的稳定币（DAI/USDS）和治理经验，增强协议稳定性。 3⃣竞争优势 ✅ 顶级机构支持：获 a16z、Paradigm 等风投投资，Sky 生态管理超 80 亿美元资产7。 ✅ 高资本效率：采用 eMode（效率模式），允许高杠杆借贷（最高 20 倍），资金利用率比 Aave V3 高 53%。 ✅ RWA（真实世界资产）整合：已向 代币化美债 投资 10 亿美元，占链上美债市场的 2/3 份额。 4⃣代币经济学与激励机制 尚未发行原生代币（SPK），但正在通过 预挖矿活动 分配未来空投。 SNAPS 积分 可能用于未来代币分配，激励用户参与生态建设。 与 Pendle 合作 推出 USDS 流动性激励，24 小时内吸引 1 亿美元 资金流入。 5⃣ 生态系统与合作伙伴 Optimism Collective：获 200 万 OP 代币支持，推动 Superchain 生态发展。 Pendle：合作推出 USDS 收益优化池，增强稳定币流动性。 Aave、Morpho：集成借贷市场，提高资金利用率 6⃣未来展望 🔹 代币发行：SPK 代币可能于 2025 年推出，空投或与 SNAPS 积分挂钩。 🔹 RWA 扩张：继续增加 代币化美债 投资，巩固链上收益市场领导地位。 🔹 AI 优化：可能引入 AI 驱动的风险管理工具，提升借贷效率 📌 最终结论： Spark 是 2025 年增长最快的 DeFi 协议之一，凭借 Sky 生态支持和创新借贷模式，TVL 已突破 60 亿美元。其核心优势在于 资本效率、跨链流动性及稳定币收益. ////////////////////////////////////////////////////////////// GMGM! The market's pumping—BTC at $110K and ETH breaking $2.7K, but my shitcoins and meme bags keep dumping. 🤯🤯 Yesterday, @VerseWorld launched with a $400M FDV just to set the stage for @pumpdotfun's token. Nah, I’ll stick to farming @cookiedotfun and @sparkdotfi instead. Started grinding yesterday, woke up today, and my score went up by 0.2—now ranked #2336. Not bad for a degen. 😎 Introducing @sparkdotfi – The DeFi Lending Powerhouse 🚀 1⃣ Overview @sparkdotfi is a decentralized finance (DeFi) protocol developed by the Sky team (formerly MakerDAO), specializing in lending markets and stablecoin yield optimization. Since its 2023 launch, its Total Value Locked (TVL) has surged past $2.4B, cementing its position as a major player in DeFi lending. Spark’s mission is to provide transparent, decentralized financial tools, allowing users to earn stable yields without relying on traditional banks. Its slogan—“Spark is not a bank, no barriers, no fine print”—embodies the open ethos of DeFi. 2⃣ Core Features & Tech Stack (1) Key Features Decentralized Lending: Users can deposit ETH, WBTC, etc., to borrow stablecoins (USDS, USDC) and earn yields. Stablecoin Yield Optimization: sUSDS (Savings USDS) offers higher APYs than traditional banks, with cross-chain support (Base, Optimism, etc.). SNAPS Points System: Partnering with @cookiedotfun, users earn rewards for creating content (e.g., analytics, tutorials), potentially linked to future token airdrops. Cross-Chain Expansion: Integrated with Optimism, Base, and deeply embedded in the Ethereum Superchain ecosystem. (2) Technical Highlights Modular Design: Seamlessly integrates with Aave, Morpho, boosting capital efficiency. Siloed Borrowing: Isolated asset pools prevent contagion risks from single-asset crashes. Sky Ecosystem Synergy: Leverages MakerDAO’s stablecoins (DAI/USDS) and governance expertise for stability. 3⃣ Competitive Edge ✅ Top-Tier Backing: Funded by a16z, Paradigm, with $8B+ managed under the Sky ecosystem. ✅ High Capital Efficiency: eMode (Efficiency Mode) enables 20x leverage, 53% more efficient than Aave V3. ✅ RWA Integration: $1B allocated to tokenized U.S. Treasuries, capturing ⅔ of the on-chain Treasury market. 4⃣ Tokenomics & Incentives No native token (SPK) yet, but pre-farming campaigns are distributing future airdrop allocations. SNAPS Points may influence token distribution, rewarding early adopters. Pendle Partnership: USDS liquidity incentives attracted $100M inflows in 24h. 5⃣ Ecosystem & Partners Optimism Collective: Backed by 2M OP tokens to grow the Superchain ecosystem. Pendle: USDS yield-optimized pools enhance stablecoin liquidity. Aave & Morpho: Integrated lending markets for higher capital efficiency. 6⃣ Future Outlook 🔹 Token Launch: SPK token expected in 2025, potentially tied to SNAPS Points. 🔹 RWA Expansion: Scaling tokenized Treasury investments, solidifying dominance in on-chain yields. 🔹 AI Integration: Potential AI-driven risk management to optimize lending strategies. 📌 Final Verdict Spark is one of the fastest-growing DeFi protocols in 2025, with $6B+ TVL, driven by Sky’s ecosystem, capital efficiency, and cross-chain stablecoin yields. For degens, yield farmers, and long-term DeFi believers, Spark is a must-watch. 🚀🔥 @cookiedotfun @fwielanier @sparkdotfi @krzKaczor @lucasmanuel_eth @nad8802

funny to see that most deposits were done in USDC indirect vampire attack on circle also some showing from USDS and even DAI despite their being no spark points for this farm

1/ Fundraising details • Selling 10% of $XPL at $500M FDV • Deposit cap is $250M • $50M deposit cap/person • KYC required (accredited only +12mo vesting for US) • $USDC $USDC $USDS $DAI accepted on ETH mainnet • Veda is the vault infra provider • Vault is locked for at