⚡️After Eigenlayer

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BITWU.ETH
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6 hours ago

⚡️ After Eigenlayer, I am once again in the same boat as Brother Sun @justinsuntron! — Sun Yuchen is also playing savings in Spark.

According to public address data, Brother Sun moved a portion of his Aave position and placed $1.3 billion in @sparkdotfi for wealth management:

-- $850 million in stablecoins (USDC/USDT) deposited in Savings to earn a fixed interest of 4.75%.

-- $460 million USDS used to mine SPK, earning 15,000 daily.

Spark now has a total TVL of $10 billion, and Brother Sun alone accounts for one-tenth of it. S2 can expect another big harvest…

Sometimes I really admire Brother Sun. While others are busy competing in various ways, Brother Sun remains consistently steady, taking advantage wherever possible.

However, from another perspective, the fact that even Brother Sun dares to put such a large amount of funds in there might indicate that Spark's Savings is currently the closest place on-chain to a "risk-free rate"?

Hmm, thinking about it this way, my little bit of ETH should be quite safe, and I should be able to benefit from Brother Sun's success! 🧐

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