#Sky Mavis' sub-DAO invests $1.1B#
Hot Topic Overview
Overview
Sky's lending sub-DAO Spark plans to invest up to $1.1 billion, directly investing in Ethena's USDe and sUSDe tokens. The team expects this investment to generate an annualized return of approximately 27% under "favorable market conditions," thereby helping Sky generate revenue and maximize returns for USDS depositors.
Ace Hot Topic Analysis
Analysis
Sky's lending sub-DAO Spark announced it will invest up to $1.1 billion in Ethena's USDe and sUSDe tokens. Spark Protocol, a lending sub-DAO within the Sky ecosystem, will leverage its liquidity layer balance sheet for this investment. The team anticipates a 27% annual percentage yield (APY) on this investment, under "favorable market conditions," which would help generate revenue for Sky and maximize returns for USDS depositors. This investment demonstrates Sky's proactive approach to utilizing its liquidity layer balance sheet to create new revenue streams and deliver higher returns for its users.
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Public Sentiment
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Classic Views
Sky's loan sub DAO Spark will invest $1.1 billion in Ethena's USDe and sUSDe tokens.
The investment is expected to yield around 27% APY in "favorable market conditions."
This will help Sky generate revenue and maximize returns for depositors of USDS.
Spark Protocol is the loan sub DAO in the Sky ecosystem, aiming to boost yields through investments in Ethena's stablecoins.