Sky and Spark protocol deployed $25 million to the Maple Finance lending pool, and plan to double the allocation.

TechubNews

2025-04-16 01:12:01

According to The Block, decentralized lending protocol Maple Finance has received a $25 million allocation of funds from the Sky ecosystem, aiming to continue to expand into the real-world asset space. The funding comes from stablecoins and lending protocol Sky (formerly MakerDAO) and Spark sub-DAO. The two sides plan to increase the deployment amount, possibly as much as $50 million. The protocol will initially allocate $25 million and gradually scale up by investing an additional $5 million per day into Maple’s lending marketplace, the syrupUSDC pool. Maple noted the allocation of funds from Sky and Spark will increase loanbook activity and support agreement revenues through repo.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Comment

0/400

No comments