<description>&lt;p&gt;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&lt;/p&gt;&lt;ul&gt;&lt;li&gt;Sam: &lt;a href="https://x.com/hexonaut" class="linkified" target="_blank"&gt;https://x.com/hexonaut&lt;/a&gt;&lt;/li&gt;&lt;li&gt;Spark: &lt;a href="https://x.com/sparkdotfi" class="linkified" target="_blank"&gt;https://x.com/sparkdotfi&lt;/a&gt;&lt;/li&gt;&lt;li&gt;Ryan: &lt;a href="https://twitter.com/RyanRodenbaugh" class="linkified" target="_blank"&gt;https://twitter.com/RyanRodenbaugh&lt;/a&gt;&lt;/li&gt;&lt;li&gt;Wallfacer: &lt;a href="https://x.com/wallfacerlabs" class="linkified" target="_blank"&gt;https://x.com/wallfacerlabs&lt;/a&gt;&lt;/li&gt;&lt;li&gt;&lt;a href="http://vaults.fyi" class="linkified" target="_blank"&gt;vaults.fyi&lt;/a&gt;: &lt;a href="https://twitter.com/vaultsfyi" class="linkified" target="_blank"&gt;https://twitter.com/vaultsfyi&lt;/a&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p&gt;Timestamps: &lt;/p&gt;&lt;ul&gt;&lt;li&gt;00:00: Introduction and Sam&amp;apos;s Journey to MakerDAO&lt;/li&gt;&lt;li&gt;03:05: Idealism vs. Practicality in Protocol Evolution&lt;/li&gt;&lt;li&gt;09:10: The SubDAO Model and Spark&amp;apos;s Genesis&lt;/li&gt;&lt;li&gt;15:30: The Role of Spark in the Sky Ecosystem&lt;/li&gt;&lt;li&gt;18:50: Spark Liquidity Layer Innovation&lt;/li&gt;&lt;li&gt;24:10: The Banking Analogy and Value Distribution&lt;/li&gt;&lt;li&gt;29:10: The Stablecoin Landscape and Tether&amp;apos;s Dominance&lt;/li&gt;&lt;li&gt;34:19: Cross-Chain Expansion and Bridge Infrastructure&lt;/li&gt;&lt;li&gt;36:40: Competitive Dynamics in DeFi&lt;/li&gt;&lt;li&gt;39:40: RWA Integration and the Grand Prix&lt;/li&gt;&lt;li&gt;45:40: Spark&amp;apos;s Future and Value Capture&lt;/li&gt;&lt;li&gt;49:50: Closing Remarks and Ways to Follow&lt;/li&gt;&lt;/ul&gt;&lt;p&gt;Please like, subscribe, and share with a friend! &lt;/p&gt; &lt;br/&gt;&lt;br/&gt;This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit &lt;a href="https://wallfacerlabs.substack.com?utm_medium=podcast&amp;#38;utm_campaign=CTA_1"&gt;wallfacerlabs.substack.com&lt;/a&gt;</description>

Wallfacer Podcast

Wallfacer Podcast

#19: Sam MacPherson, Spark | Building DeFi's Liquidity Layer

MAR 31, 202550 MIN
Wallfacer Podcast

#19: Sam MacPherson, Spark | Building DeFi's Liquidity Layer

MAR 31, 202550 MIN

Description

<p>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</p><ul><li>Sam: <a href="https://x.com/hexonaut" class="linkified" target="_blank">https://x.com/hexonaut</a></li><li>Spark: <a href="https://x.com/sparkdotfi" class="linkified" target="_blank">https://x.com/sparkdotfi</a></li><li>Ryan: <a href="https://twitter.com/RyanRodenbaugh" class="linkified" target="_blank">https://twitter.com/RyanRodenbaugh</a></li><li>Wallfacer: <a href="https://x.com/wallfacerlabs" class="linkified" target="_blank">https://x.com/wallfacerlabs</a></li><li><a href="http://vaults.fyi" class="linkified" target="_blank">vaults.fyi</a>: <a href="https://twitter.com/vaultsfyi" class="linkified" target="_blank">https://twitter.com/vaultsfyi</a></li></ul><p>Timestamps: </p><ul><li>00:00: Introduction and Sam&apos;s Journey to MakerDAO</li><li>03:05: Idealism vs. Practicality in Protocol Evolution</li><li>09:10: The SubDAO Model and Spark&apos;s Genesis</li><li>15:30: The Role of Spark in the Sky Ecosystem</li><li>18:50: Spark Liquidity Layer Innovation</li><li>24:10: The Banking Analogy and Value Distribution</li><li>29:10: The Stablecoin Landscape and Tether&apos;s Dominance</li><li>34:19: Cross-Chain Expansion and Bridge Infrastructure</li><li>36:40: Competitive Dynamics in DeFi</li><li>39:40: RWA Integration and the Grand Prix</li><li>45:40: Spark&apos;s Future and Value Capture</li><li>49:50: Closing Remarks and Ways to Follow</li></ul><p>Please like, subscribe, and share with a friend! </p> <br/><br/>This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit <a href="https://wallfacerlabs.substack.com?utm_medium=podcast&#38;utm_campaign=CTA_1">wallfacerlabs.substack.com</a>