EP-36 Spark's Pivot: From DeFi Lending to RWA Deployment

<p>In this episode of WuBlockchain Podcast, Sam MacPherson, co-founder of Phoenix Labs, shares how Spark has evolved from a DeFi lending protocol into a capital allocator managing nearly $4B across DeFi, CeFi, and RWA. He explains the Spark Liquidity Layer's role in optimizing yield--especially through tokenized U.S. Treasuries--while maintaining a 25% cash reserve to ensure stability. Sam discusses the platform's modular governance via the Sky-Star system, its push into the APAC market, and the upcoming SPK token launch for staking and governance. Transparency and on-chain auditability remain Spark's core strengths over traditional finance. <a href="https://wublock.substack.com/p/sparks-pivot-from-defi-lending-to">Text summary</a></p><p>Timeline:</p><p>00:00 Opening &amp; Brief Intro</p><p>01:40 Transition from Lending Protocol to Diversified Capital Allocator</p><p>03:26 Strategic Logic Behind the $1 Billion Tokenized Treasury Deployment</p><p>04:36 Market Conditions That Informed Ti...