Today’s guest is Sam MacPherson, co-founder and CEO of Phoenix Labs, the core contributors to the Spark Protocol. Sam is also a long-time contributor to Sky, previously known as MakerDAO

• Sam: https://x.com/hexonaut
• Spark: https://x.com/sparkdotfi
• Ryan: https://twitter.com/RyanRodenbaugh
• Wallfacer: https://x.com/wallfacerlabs
• vaults.fyi: https://twitter.com/vaultsfyi

Timestamps: 

• 00:00: Introduction and Sam's Journey to MakerDAO
• 03:05: Idealism vs. Practicality in Protocol Evolution
• 09:10: The SubDAO Model and Spark's Genesis
• 15:30: The Role of Spark in the Sky Ecosystem
• 18:50: Spark Liquidity Layer Innovation
• 24:10: The Banking Analogy and Value Distribution
• 29:10: The Stablecoin Landscape and Tether's Dominance
• 34:19: Cross-Chain Expansion and Bridge Infrastructure
• 36:40: Competitive Dynamics in DeFi
• 39:40: RWA Integration and the Grand Prix
• 45:40: Spark's Future and Value Capture
• 49:50: Closing Remarks and Ways to Follow

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