#Sky Lending sub-DAO invests $1.1 billion#
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, which is expected to earn approximately 27% APY. This move is intended to help Sky generate revenue 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 on-chain asset balance sheet to Ethena's USDe and sUSDe tokens. This move aims to generate revenue for Sky and maximize returns for USDS depositors by achieving approximately 27% APY through direct investment, “in favorable market conditions”. Spark Protocol, the lending sub-DAO within the Sky ecosystem, will have direct exposure to Ethena's USDe and sUSDe tokens, and is expected to generate significant returns for Sky.
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Public Sentiment
Discussion Word Cloud
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 generate an annual percentage yield (APY) of approximately 27% for Sky.
This move aims to help Sky maximize returns for USDS depositors.
Spark Protocol will use its liquidity layer balance sheet to make the investment.