
PANews|Apr 16, 2025 00:50
Sky and Spark protocol deploy $25 million to Maple Finance lending pool and plan to double allocation amount
According to The Block, the decentralized lending agreement Maple Finance has received a funding allocation of $25 million from the Sky ecosystem, aimed at further expanding into the real world asset sector. This funding comes from stablecoins and lending agreements Sky (formerly MakerDAO) and Spark sub DAOs.
Both parties plan to increase the deployment amount, possibly up to 50 million US dollars. The agreement will first allocate $25 million and gradually expand its scale by investing an additional $5 million per day into Maple's borrowing market's stableUSDC fund pool. Maple pointed out that the fund allocation of Sky and Spark will increase loan book activity and generate revenue through repurchase support agreements. This latest funding allocation represents Sky's deepening commitment to diversifying its exposure to DeFi and RWA fields.
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