Catenaa, Sunday, April 20, 2025-Sky and Spark protocols have allocated $25 million to a Maple Finance lending pool, with plans to potentially double the deployment to $50 million, the teams said last Tuesday.
The capital, originating from the Sky stablecoin ecosystem—formerly known as MakerDAO—and its Spark subDAO, is part of a broader effort to deepen exposure to decentralized finance and real-world assets.
The funds were deployed into Maple’s overcollateralized syrupUSDC lending pool, aimed at institutional borrowers.
“This capital allocation establishes a direct link between the Sky Savings Rate and Maple’s real-world yield engine,” Sky said in a statement, calling the move one of the largest protocol-to-protocol capital deployments into on-chain credit infrastructure.
The rollout will begin with a $25 million commitment, scaling up by $5 million per day. The aim is to enhance capital efficiency and stimulate lending activity, Maple said.
Maple Finance noted that the syrupUSDC pool can offer liquidity providers returns as high as 13% APY via platforms like Pendle. The increased capital is expected to boost loanbook activity and generate additional protocol revenue through buybacks.
The allocation follows Spark’s recent $1 billion Tokenization Grand Prix, which awarded projects advancing the adoption of tokenized assets through its Spark Liquidity Layer—an automated system that channels liquidity across DeFi protocols using ecosystem assets like USDS, sUSDS and USDC.
Maple has also launched structured yield products, including its “Lend + Long” strategy, which uses secured pool returns to purchase Bitcoin call options.
