PANews reported on January 15 that according to The Block, Spark Protocol, the lending sub-DAO of the Sky ecosystem, plans to allocate $1.1 billion in its liquidity layer balance sheet to Ethena's USDe and sUSDe tokens to improve capital efficiency.
USDe is an algorithmic stablecoin that was launched in 2024 and is currently the fourth largest stablecoin by market capitalization. It has attracted much attention for the yield it can earn for its holders. The Spark team expects that under favorable market conditions, the distribution can achieve an annualized yield of approximately 27%, thereby driving revenue growth in the Sky ecosystem and improving returns for USDS depositors.
The Spark liquidity layer manages $6.2 billion in stablecoin liquidity, supporting users to convert USDC and Sky’s USDS or sUSDS tokens between multiple networks.
