Sky and Spark Protocol deploy $25 million to Maple Finance lending pool, with plans to double allocation

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PANews
04-16
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PANews reported on April 16 that according to The Block, the decentralized lending protocol Maple Finance has received a $25 million fund allocation from the Sky ecosystem, aimed at further expanding the real-world assets field. This funding comes from the stablecoin and lending protocol Sky (formerly MakerDAO) and Spark sub-DAO. The two parties plan to increase the deployment amount, which may reach $50 million. The protocol will first allocate $25 million and gradually expand by additionally investing $5 million per day into Maple's lending market syrupUSDC pool. Maple noted that the fund allocation from Sky and Spark will increase loan book activity and support protocol revenue through buybacks. This latest fund allocation represents Sky's deepened commitment to diversifying its exposure in the DeFi and RWA fields.

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