#Sky Mavis' sub-DAO invests $1.1B#
Hot Topic Overview
Overview
Sky's lending sub-DAO Spark is planning to allocate up to $1.1 billion of its liquidity layer balance sheet to Ethena's USDe and sUSDe tokens, aiming for an estimated 27% APY. This move is intended to help Sky generate revenue and maximize returns for USDS depositors.
Ace Hot Topic Analysis
Analysis
Spark, the lending sub-DAO within the Sky ecosystem, plans to allocate up to $1.1 billion of its liquidity layer asset balance sheet to Ethena's USDe and sUSDe tokens. The team expects to earn approximately 27% APY "under favorable market conditions," which would help generate revenue for Sky and maximize returns for USDS depositors. This move aims to increase Spark's yield and generate more revenue for the Sky ecosystem by directly investing in Ethena's stablecoins, while also maximizing returns for USDS depositors.
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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.
This investment is expected to generate approximately 27% APY returns for Sky.
This move aims to help Sky maximize returns for USDS depositors.
Spark Protocol aims to bring more yield to the Sky ecosystem by directly investing in Ethena's stablecoins.