Phoenix Labs co-founder Sam MacPherson announced that the DeFi lending protocol Spark has deployed 15 million USDC to Spark Prime and initiated a pilot collaboration with M1 Capital. According to Foresight News, M1 Capital will utilize this fund pool to conduct parallel delta-neutral arbitrage trades across centralized and decentralized platforms, aiming for efficient capital use and broader trading coverage.
Spark Prime enables borrowers to manage cross-platform margins between DeFi protocols, qualified custodians, and exchanges, overcoming the traditional single-position limitation of DeFi lending. It retains core DeFi features such as over-collateralization and automated liquidation.
Phoenix Labs Co-Founder Announces Spark's $15M USDC Deployment with M1 Capital
2026-06-04 03:34:24
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