#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 in liquidity layer assets to Ethena's USDe and sUSDe tokens, expecting to generate an estimated 27% APY. This move aims to help Sky generate revenue and maximize returns for USDS depositors. As the lending sub-DAO within the Sky ecosystem, Spark Protocol intends to generate more yield for Sky by directly investing in Ethena's stablecoins, thereby providing higher returns for users.
Ace Hot Topic Analysis
Analysis
Sky's lending sub-DAO Spark plans to allocate up to $1.1 billion in liquid layer balance sheet assets to Ethena's USDe and sUSDe tokens. This move aims to generate revenue for Sky and maximize returns for USDS depositors by directly investing in Ethena's stablecoins, achieving an estimated annual percentage yield (APY) of approximately 27% under "favorable market conditions." As the lending sub-DAO within the Sky ecosystem, Spark Protocol's investment will further strengthen Sky's financial strength and offer more attractive yields to its users.
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.
Spark Protocol expects to earn around 27% APY from this investment.
The investment will help Sky generate revenue and maximize returns for USDS depositors.
Spark Protocol aims to maximize the returns on its liquidity layer balance sheet by directly accessing Ethena's tokens.