#Sky Lending sub-DAO invests heavily in Ethena#
Hot Topic Overview
Overview
Sky's lending sub-DAO Spark plans to allocate up to $1.1 billion of its liquid layer balance sheet to Ethena's USDe and sUSDe tokens, projected to yield approximately 27% APY. This move aims to generate revenue for Sky and maximize returns for depositors of USDS.
Ace Hot Topic Analysis
Analysis
Sky's lending sub-DAO Spark has announced a direct investment in Ethena's USDe and sUSDe tokens, worth up to $1.1 billion. Spark Protocol, the lending sub-DAO within the Sky ecosystem, aims to maximize returns for USDS depositors by investing in Ethena's stablecoins. The team anticipates an estimated APY of approximately 27% under “favorable market conditions,” which would generate revenue for Sky and enhance the yield on its liquidity layer balance sheet. This move demonstrates Sky’s proactive pursuit of new investment opportunities, leveraging its sub-DAO Spark to achieve its goals.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Sky's loan sub-DAO Spark will invest up to $1.1 billion in Ethena's USDe and sUSDe tokens.
The investment is expected to yield approximately 27% APY in "favorable market conditions."
The investment will help generate revenue for Sky and maximize returns for USDS depositors.
Spark Protocol is a lending sub-DAO within the Sky ecosystem that aims to optimize liquidity layer balance sheets by investing in Ethena.