Spark protocol
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Phoenix Labs CEO on DeFi Giant MakerDAO's Spark Protocol Launch
MakerDAO launches Spark Protocol today, a front-end access lending protocol specifically designed for Maker's DAI stablecoin. Sam MacPherson, co-founder and CEO of Phoenix Labs, which contributes to Spark Protocol, joins "First Mover" to discuss the rollout and how Spark aims to address the potential risks of decentralized finance (DeFi). Plus, why Spark is not being offered in the U.S.
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Why MakerDAO's New Spark Protocol Does Not Serve U.S. Customers
MakerDAO launches Spark Protocol today, a front-end access lending protocol specifically designed for the DAI stablecoin. But, Phoenix Labs co-founder and CEO Sam MacPherson tells "First Mover," the product does not serve U.S. customers. "The risk was deemed too high [in the U.S.]," he said.
