POPA ReconAn Investor Relations Dashboard Story:
An Investor Relations Dashboard Story: How PayPal's PYUSD vault became Sparks #1 gross revenue line, and why DefiLlama is the only place you can see it Spark rotated much of its allocation to PYUSD, now the protocol's largest revenue venue. This is an offchain, CeFi-adjacent yield source flowing into a DeFi protocol's P&L, and it's only visible because of this income statement feature in Spark's IR Dashboard on DefiLlama. Back in Dec 2025, PayPal launched the spPYUSD savings vault on Spark. Within the first 24hr, $200 million flowed in. By Q1 2026, the "PayPal Yields" line in Spark's incom…
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