PANews reported on April 16 that according to The Block, the decentralized lending protocol Maple Finance has received a $25 million allocation from the Sky ecosystem, aiming to continue to expand into the real-world asset space. The funds come from the stablecoin and lending protocol Sky (formerly MakerDAO) and the Spark sub-DAO. The two parties plan to increase the deployment amount, possibly as high as $50 million. The protocol will first allocate $25 million and gradually scale up by investing an additional $5 million per day in Maple's lending market syrupUSDC pool. Maple pointed out that the allocation of funds from Sky and Spark will increase loan book activity and support protocol revenue through repurchases. This latest allocation of funds represents Sky's deepening commitment to diversifying its exposure to the DeFi and RWA fields.
Sky and Spark Protocol deploy $25 million to Maple Finance lending pool, with plans to double allocation
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