Sam MacPherson on Why Spark Benefited So Much From the KelpDAO Hack Spark's TVL jumped more than 50% after the KelpDAO hack drained the rest of DeFi. 📈 I asked cofounder @hexonaut why his protocol was the exception, and the answer is refreshingly unglamorous: rate limits. Timestamps: 📣 00:26 Visit to swap tokenized securities, crypto and more. Simple. Secure. Self-custodial. Whatever asset you’re buying - swap it at 🏦 01:08 What Spark does and how it plugs into the Sky protocol's balance sheet 🛡️ 05:07 Why Sam says Spark's conservative design let it dodge the KelpDAO hack ⚖️ 11:24 How the rsETH exit exposed the tradeoffs in Sky's onchain governance 🎙️ 13:52 Visit to swap tokenized securities, crypto and more. Simple. Secure. Self-custodial. Whatever asset you’re buying - swap it at 💰 17:41 Why Sam thinks DeFi yields are converging toward SOFR, not higher 🤖 20:47 Why Sam says AI cuts both ways for DeFi security after the hack wave 🏛️ 23:26 Why Sky built the subDAO model, and whether it can survive politics 💵 26:58 The stablecoin land grab: Robinhood, Coinbase, and Spark's role in it 📊 30:50 Why Sam isn't worried about SPK trading near its all time low 🚀 32:39 Spark's next chapter: institutional lending and Spark Savings USDT growth