TechFlow reports that on January 15, Spark Protocol, the lending sub-protocol under Sky (formerly MakerDAO), announced it will allocate up to $1.1 billion in exposure via its Spark Liquidity Layer to Ethena's USDe and sUSDe tokens.
The Spark team stated that under favorable market conditions, this move is expected to generate an annualized yield of approximately 27%, which will help generate revenue for the Sky ecosystem and maximize returns for USDS savers.
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