"Dialogue with Spark on Strategic Transformation: From DeFi Lending to RWA Asset Allocation" Phoenix Labs co-founder Sam MacPherson shared Spark's strategic transformation from a DeFi lending protocol to an asset allocation platform spanning DeFi, CeFi, and RWA, with its current assets under management reaching $4.00 billion. He mentioned that Spark optimizes returns through liquidity layers, deploying $3.90 billion in assets (with an annualized yield of 4.95%), with a focus on tokenized U.S. Treasury bonds and maintaining a 25% cash reserve to ensure stability. He also introduced expansion plans in the Asia-Pacific market, the Sky-Star modular governance architecture, and the upcoming SPK governance token, emphasizing that on-chain transparency and auditability are significant advantages compared to traditional finance. https://t.co/zDsTBG4pdp