From Spark's perspective, since it hasn't been affected by rsETH, Spark has seen a net deposit inflow of $2.4 billion since April 18, accounting for over 15% of Aave's net redemption outflows. At least 20 individual addresses have made net deposits of over $20 million to Spark since April 18. The Spark PSM is the largest net deposit address and is also one of the largest entities redeeming funds from Aave. Mellow Finance has moved over $180 million redeemed from Aave entirely into Spark. Instadapp is another identified DeFi protocol with net deposits into Spark, totaling over $88 million in inflows. Additionally, beyond DeFi protocols, a significant number of whale addresses redeeming from Aave have subsequently moved into Spark. The demand for strategies like looping, borrowing, and optimizing capital efficiency clearly hasn’t diminished.