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Grove Finance
2026-08-25 14:58:08

Grove Finance builds strategic CFG position, deepening ties with Centrifuge

Grove Finance said it has established a strategic position in the Centrifuge ecosystem, with an initial holding of 37.8 million CFG, equal to about 5.4% of the token’s total supply. The announcement adds a treasury-style dimension to a relationship that, according to the company, dates back to the early MakerDAO period. The two sides already have more than $1.27 billion in assets deployed through Centrifuge infrastructure. Grove Finance said the new position shifts the relationship beyond protocol integration and toward closer strategic coordination. The companies plan to combine Centrifuge’s tokenization and distribution infrastructure with Grove Finance’s capital allocation capabilities to support the long-term development of the tokenized asset ecosystem. No additional details were disclosed in the brief announcement about the timing of future purchases or any broader allocation plan beyond the initial CFG holding.

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Grove Finance builds strategic CFG position, deepening ties with Centrifuge
Spark
2026-08-03 03:09:17

Spark shuts its retail app and pivots to powering yield products for Robinhood and PayPal

DeFi lending platform Spark is moving away from the retail-facing playbook that has defined much of the sector. The company has indefinitely shut down its consumer app and is now positioning itself as the yield and liquidity layer behind large fintech brands including Robinhood and PayPal. Spark is part of Sky, formerly MakerDAO, and its lending and liquidity operations are developed by Phoenix Labs. The shift centers on a B2B2C model. Instead of competing head-on for retail users, Spark wants to supply fintech platforms with yield and liquidity infrastructure so those companies can offer stronger returns to their own customers without building the system from scratch. Robinhood’s Earn vault drew $200 million in deposits within 24 days of launch, while Spark’s partnership with PayPal was announced in September 2025. Company figures cited in the report show Spark has about $260 million in OTC loans outstanding and aims to reach $1 billion by year-end. On Uniswap v4, it has moved roughly $150 million into liquidity pools, accounting for about 30% of stablecoin trading volume on the platform. At the same time, Spark’s revenue has fallen from about $80 million during the bull market to around $20 million now.

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Spark shuts its retail app and pivots to powering yield products for Robinhood and PayPal
Spark
2026-08-03 03:04:43

Spark Drops Consumer App Plan to Build Stablecoin Infrastructure Behind the Scenes

Spark, the lending and liquidity arm tied to Sky, formerly MakerDAO, has shelved its consumer app indefinitely and is now focusing on business-facing stablecoin infrastructure. CEO Sam MacPherson told CoinDesk that the stablecoin market is heading toward deeper fragmentation, with issuers and platforms spreading liquidity across more tokens and networks. Spark’s bet is that this trend creates demand for an intermediary layer that moves liquidity between those systems. Two products are being used to make that case. Robinhood Earn, which offers roughly 7% APY on USDG deposits, drew more than $200 million in 24 days through an on-chain vault structure involving Morpho, Steakhouse Financial, Ethena, Maple and Spark. On Uniswap v4, Spark said its stablecoin foreign-exchange layer handled about $1.5 billion over 30 days and accounted for around 30% of stablecoin-to-stablecoin swap volume after deploying roughly $150 million into USDS-USDT and USDS-PYUSD pools. Spark is pushing this strategy during a weaker DeFi market, with annual revenue down from about $80 million in the bull market to roughly $20 million now. MacPherson also said on-chain payments could reach $3 trillion by 2030, citing expected regulatory developments including the GENIUS Act and the possible advance of the Clarity Act.

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Spark Drops Consumer App Plan to Build Stablecoin Infrastructure Behind the Scenes
MakerDAO
2026-07-24 03:00:12

Early MakerDAO-linked wallet sells 1,050 MKR after nearly a decade

A wallet identified by EmberCN as belonging to an early MakerDAO team member or investor sold 1,050 MKR on July 24 after holding the tokens for nearly 10 years. The proceeds were converted into about 1.316 million USDC and then transferred to Kraken. On-chain data cited in the report shows the address originally received the 1,050 MKR in April 2016 and did not move the holdings for almost a decade. The only recorded change during that period was a wallet migration in 2018 tied to the MKR token upgrade. The latest transaction marks a full exit of the wallet’s MKR position, according to the monitoring update from EmberCN cited by BlockBeats.

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Early MakerDAO-linked wallet sells 1,050 MKR after nearly a decade