Does anyone more knowledgeable than me know if the integration of Ethena into Spark has direct or indirect implications for DAI (and sDAI) on Gnosis? Personally, I don’t think Ethena is trustworthy (overall too many risk vectors and not battle-tested in a bearmarket) and the increased weaving of Ethena into a Maker (Sky) product doesn’t sit well with me at first glance.
There also seems to be a conflict of interest with the Spark founder.
Source:
https://x.com/leptokurtic_/status/1879201959003214125