#Sky Lending sub-DAO invests $1.1 billion#
Hot Topic Overview
Overview
Sky's lending sub-DAO Spark plans to invest $1.1 billion, targeting direct investments in Ethena's USDe and sUSDe tokens. Spark Protocol, the lending sub-DAO within the Sky ecosystem, expects to generate approximately 27% APY under "favorable market conditions," which will help generate revenue for Sky and maximize returns for USDS depositors.
Ace Hot Topic Analysis
Analysis
Sky's lending sub-DAO Spark plans to allocate up to $1.1 billion of its liquidity layer balance sheet to Ethena's USDe and sUSDe tokens. This move aims to generate revenue for the Sky ecosystem and maximize USDS depositors' returns by directly investing in Ethena's stablecoins, achieving an estimated annual percentage yield (APY) of around 27% "under favorable market conditions." This investment will help Sky further develop its lending business and provide more attractive yields 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 aims to generate revenue for Sky by directly exposing Ethena's tokens and maximize returns for USDS depositors.
Spark expects to earn an APY of around 27% under "favorable market conditions."
The investment will utilize funds from Spark's liquidity layer balance sheet.