Spark 🛠 An Introduction

[Music] hi everyone I'm toel and this is the 1,000 take of this I also only have five minutes because I don't know how to use my software and I get limit on this so I'll be quick but there'll be more info coming afterwards don't worry about it um here to present spark spark if you don't know is part of the maker ecosystem um if you don't know maker don't worry uh hopefully you do know about D which is the biggest most decentralized stable coin in the market so uh maker we are reorganizing ourselves and starting next year we'll have this system of make a core with the different uh subd the subd what they'll be doing is allocating capital or essentially becoming the liquidity provider uh to the entire uh defi space so um to do that we have a couple Technologies uh to help this subow and particularly for our hackathon here today um these are the three technologies that you can build on top um please let me uh say also that you're free to build uh whatever type of project um is that is aligned with spark um so even that you can still build uh things that uh help spark in other ways that just using these three technologies that still applicable and um you're eligible for the for bounties so please reach out to me and tell me your idea and then we can discuss uh whether it makes sense um or not okay so quickly spark conduits uh spark conduits are essentially you can think of them as ways of mediating the movement of funds between the maker subd and the different protocols whether doing the lping into to um this a wider system is called the maker allocation system um but for the point of view from the protocol the only thing you really care about is this um adapter um that is that allows subow to send money to your protocol so you can think um like the fact that they don't have any third party liquidity providers and that the that the cost of capital that the subd do has that is providing you this liquidity is uh what we call predictable uh predictable rate uh means that you're going to have a less volatile partner uh behind your protocol uh this is something that doesn't matter for the hack itself but uh the way that protocols can can get access to this capital is really by building the conduit and also going through an onboarding process of Assessments of difficult risk that they'll have uh documentation for this is in our official docs uh these are fairly new documents and this is a system that is currently being built so any feedback that you have uh please let me know any sort of lacking of context that you have lack of context it's probably my fault not yours so please let me know okay and then with two minutes left I'm going to talk to you about the two other products um these are spark land which is a lending market and the S die uh so i' like to think about this from point of view of whether I want to be a borrower or I want to be a depositor who being if I want to borrow fund at a predictable rate um then I would go to sparland if I want to deposit and receive a predictable rate I'll do that with s di so spark L is a uh on it's a lending Marketplace H currently allows die eth and state e derivatives uh on it uh it's currently on E your mainnet uh but hopefully by the time you see this we are already live on nosis chain as well [Music] um next is SDI so SD is um yield stable stable yield uh yield bearing stable coin that's it um that is basically Distributing the revenues from the protocol to back to users uh the token is a USC 4616 so that kind what we call the Vol token is uh should be easy uh make things easier when you want to integrate it um the low use cases that you can have with SD uh very importantly is uh I urge you to find use cases that simply that really necessitate a yield stable coin rather than just any random token um that can fit your project um the one big thing important thing that if you're going to be interacting with the contract Itself by minting by basically depositing or withdrawing uh funds so basically by maining and burning uh s is that it doesn't produce a um trans