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Spark Morpho Blue vault has been live for less than 12 hours and is already earning 41% APY on 100m. That's +41m / year in revenue (~10% increase). Maker <> Spark <> Morpho <> Ethena This is the power of DeFi. https://t.co/h1beNsiCm1
.@sparkdotfi deployed 100 million to its @MorphoLabs's sUSDe/DAI and USDe/DAI markets. 2 hours later: • only 40 million left. • Morpho Blue goes parabolic, reaching 300m TVL and almost 480m in supplied assets. this is what the "powered by @MakerDAO and @sparkdotfi" label… https://t.co/HQHrcgW3sO
Composability at its finest: Maker deploys 100m DAI via Spark into Morpho to farm Ethena yields DeFi is *chef’s kiss* https://t.co/6xJxr2DmEs
MakerDAO has deployed $100 million DAI to sUSDe/DAI and USDe/DAI markets on Morpho Blue through Spark's Metamorpho vault, providing scalable liquidity for users interested in Ethena's assets. This collaboration aims to offer unmatched liquidity at scale for sUSDe and USDe holders, allowing them to borrow DAI on Morpho. Leveraged positions are now live on MorphoLabs Blue dashboard, with MakerDAO supplying 100m DAI across various markets, enabling users to boost funding yield up to 21x. The deployment has led to a significant increase in TVL and supplied assets on Morpho Blue, with the vault already earning a 41% APY on the initial 100m within 12 hours.