Web3
What’s the saga, darling?:
- DeFi darling Spark has decided to hit pause on its shiny new mobile app-apparently, they’re too busy being serious business with “liquidity infrastructure” and a billion-dollar swim in PayPal’s PYUSD. Because who needs another shiny app when you have billions to burn? 💸
- While Spark’s top brass are hemming and hawing about market chaos, Aave waltzes in with a retail yield app. Talk about the competitive jungle-it’s like a crypto version of “Survivor,” but with less clothing and more spreadsheets.
- CEO Sam MacPherson, the guy with the confidence of a peacock, barely hides his disdain for distraction, insisting their true talent’s in “liquidity infrastructure” and not in charming the masses. Oh, the glamour of focus! 🎩
Spark’s latest move? Putting their mobile dreams on a little holiday-or perhaps a very long coffee break. “We’re not builders of consumer apps,” says MacPherson, busy putting all the eggs in his institutional basket, because retail is just too much of a circus. 🎪
Over a billion dollars, yes, billion with a B, is being tossed into PYUSD-so I suppose it’s a bit of a big deal. Honestly, if liquidity were a party, Spark’s throwing a very exclusive one, rubbing elbows with PayPal Big Shots while everyone else is still figuring out the invitation list.
As for the app? “Paused for now, darling. Things can change, but right now? No deal.” Just a little plan on pause, like a dear friend’s summer romance-melodramatic but hopeful.
Meanwhile, Aave’s out there launching its retail yield app with all the fanfare of a red carpet event. MacPherson’s apparently fine with the competition-more like throwing a glass of champagne and saying “best of luck” with a wink & a smirk.🥂
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2025-11-20 01:00