🧵Many people don't know that behind @sparkdotfi there is a hidden big shot @phoenixlabsdev. Not only is it the development team of #SparkFi, but it is also the technical core of @MakerDAO. The $SPK airdrop, stable APY, and skyrocketing TVL that you are familiar with all have its influence. The Twitter Premium page crashed wildly, and with the blue V expired, I can only write threads today👇 @cookiedotfuncn @cookiedotfun #CookieSNAP #Pendle

1⃣ What is Phoenix Labs? It was formed by former core developers of MakerDAO and is the core development team of SparkFi (Spark Protocol), and is also one of the most underrated DeFi Infra builders currently.

2⃣ SparkFi Launch (August 2023) Phoenix led the development of SparkFi, a DAI lending platform based on Aave v3 + Maker modules, supporting @MakerDAO's D3M and PSM, focusing on on-chain capital allocation.

3⃣ Collaboration with Maple Finance SparkFi has invested 50 million USDC into Maple to create the syrupUSDC vault, allowing you to earn stable interest with low risk. Behind this is Phoenix managing the funds to ensure safety and control. Additionally, a 6 million dollar incentive program has been launched in collaboration with RedStone, where participating in interactions gives you a chance to share in the rewards, with earnings + airdrops all in one go!

4⃣ Latest Data (as of June) 🔹 Total Locked Value Currently around $6.7B, covering multi-chains like #Ethereum, #Base, #Arbitrum, #Optimism, etc. Doubled compared to May's TVL, with a monthly increase of 114%. 🔹 Annual Revenue Current protocol annual revenue is about $355M, nearly a 10x increase compared to the beginning of the year. 🔹 Deployed Liquidity Assets SLL has deployed over $2.6B to protocols like Aave, Morpho, Ethena, Pendle, RWA, etc.

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