Lucas Manuel ⚡
@lucasmanuel_eth
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co-founder/head of sc at phoenix labs | @sparkdotfi prev. @maplefinance sc tech lead prev. @makerdao sc enginner
Toronto, Ontario
Joined March 2011
Super useful `cast` command I just discovered to easily interpret raw calldata: `cast 4byte-calldata` will: - Do a reverse lookup of the first four bytes of raw calldata to get function signature - Decode the remaining bytes according to the params defined in the signature
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s/o to Blockworks for relabelling "Spark" as "SparkLend". Spark has 4 business lines and generates most of its revenue from the Spark Liquidity Layer. Lending markets (infra) have thin margins - most of the revenue goes to the LP. Love the direction of GAAP on protocols!
Fluid is now live on the Blockworks Lending Sector Dashboard. You can now track Fluid alongside Aave, Morpho, Spark, HyperLend, and JupiterLend — with standardized metrics on deposits, borrows, utilization, financials, and interest rates. Shoutout the legend @troyharris__ for
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$4.25Bn USDS -> USDC oneshot The size is size The price is price $1 is $1
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These are the type of things that blow my mind about Ethereum. Exchange $4.25 billion of value, settling instantly, from anywhere in the world, with just an internet connection. Oh and it costs $0.04.
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This is awesome, @ethereum @etherscan should add this
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@sparkdotfi Pinging some legends for visibility/connections @zerosnacks @eth_call @jessepollak @YashAtreya @shafu0x @gakonst @moise__ @emo_eth @pashov @optimizoor @joshie_sh @PaulRBerg @0xalpharush @msolomon44 @_anishagnihotri
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Need to hire another chad foundry dev on the @sparkdotfi Phoenix Labs SC team. Please let me know if you or anyone you'd recommend would be interested in joining our all-star team. Need: - Foundry experience (unit/integration/fuzzing etc) - Experience with deep code review
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Total supply of @SkyEcosystem’s sUSDS hit a new all-time high of $4.10B, exceeding the previous record by $600M.
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Completely agree with this. Spark has several business lines, but onchain capital allocator continues to be one of the best for revenue. We aim to be the biggest player in this rapidly growing market.
Vaults + onchain asset management is about to explode. What makes this different from past "metas" is: 1. It's far more real than memes and JPEGs 2. It will inject credit into markets 3. It will test DeFi's infra and value prop (transparency) Exciting times.
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The fastest growing product for @SkyEcosystem? sUSDS on @ethereum, with market cap up +99.2% over the past 90 days.
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The onchain capital allocator market TVL has grown massively from $111M to $10B over the last 18 months. Spark now leads across all chains with +$3B in TVL. This is what an institutional-grade protocol looks like. ⚡️
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I analyzed weekly stablecoin flows across major lending protocols. @MorphoLabs: 7d: +$267.54M -> $1.16B @sparkdotfi: +$247.95M -> $2.13B @compoundfinance: +$2.82M -> $718.94M @aave Prime: +$1.34M -> $161.79M @0xfluid: -$2.21M -> $741.83M @aave Core: -$150.48M -> $12.80B
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Q3 financial report for Spark is out! Spark is a demonstration of how a DeFi protocol on Ethereum can generate tangible and sustainable profits onchain using stablecoins. Key highlights: → Gross revenue: $53.02M (aggregate returns across all product lines) → Gross profit /
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‼️‼️Please share for visibility.‼️‼️ ONGOING Open Source Phishing attack!! There is a new scam running around. You get a fake grants github tag by fake bot which says that it targets OS projects for a gitcoin grant. They create a fake github account with a fake project and
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One of the things I love about blockchains is that you can track assets right down to the dollar. Traditional structures (banks, funds, etc) often don't know how much money they have because it is flying around all the time. Something like FTX/Alameda can happen even if the
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ICYMI: Assets supplied to and borrowed from @sparkdotfi Lend are at ~$7.7B and ~$2.3B, respectively. Spark is a Star in the @SkyEcosystem, but also the 3rd biggest lending protocol on a standalone basis, when measured by active loans or borrows.
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