spark protocol processed $150m in btc-collateralized loans through anchorage digital's federal bank charter. three institutions posted $222m btc to borrow $150m usdc at 148% collateralization. sky ecosystem backing it with $6.5b reserves and $200m annual profits on $1.2b market cap. that's 6x p/e for the infrastructure actually processing institutional capital, not waiting for it
Share
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.