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CM|Sep 10, 2025 11:41

Fun fact: Spark runs Morpho's two largest Vaults, contributing over $1 billion in liquidity. Spark's SLL is a massive on-chain stablecoin distributor, dominating the liquidity of USDS (DAI). Few people talk about it, but it forms a central bank-commercial bank operational model with MakerDAO (Sky).

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