#Sky Mavis, the creator of Axie Infinity, has invested $1.1 billion in its lending sub-DAO.#
Hot Topic Overview
Overview
Sky's lending sub-DAO, Spark, plans to invest up to $1.1 billion in Ethena's USDe and sUSDe tokens. Spark Protocol is the lending sub-DAO within the Sky ecosystem, and it will leverage its liquidity layer balance sheet to make the investment. The team expects to earn approximately 27% APY in "favorable market conditions," which will help generate revenue for Sky 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 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 an estimated annual percentage yield (APY) of approximately 27% through direct investment in Ethena's stablecoins "under favorable market conditions." This investment will help Sky improve its capital utilization efficiency and offer more attractive yields to 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 help Sky generate revenue and maximize the return for USDS depositors by earning around 27% APY.
Spark Protocol is the lending sub DAO within the Sky ecosystem, responsible for managing the liquidity layer balance sheet.
The investment is considered to have been made under "favorable market conditions."