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MakerDAO, MorphoLabs, and Sparkdotfi are collaborating to introduce new features in the DeFi space. MakerDAO has deployed 100m DAI into Morpho for users to borrow Ethena's sUSDe. The integration has seen significant borrowing activity, with around 60 million DAI borrowed within two hours. The TVL of Morpho Blue has crossed $300 million. There are plans to add BTC as collateral to Ethena, aiming to scale to over 5 billion TVL by September. The collaboration is expected to generate millions in fees for Aave as well.
Wow, @MorphoLabs and Spark's new $USDe - $DAI markets exploded Curve's USDe-DAI volume and liquidity utilization today: 97m volume @ 585% utilization today 🤯🤯🤯 @CurveFinance DAO really needs to get some serious $CRV emissions going on LlamaLend $sUSDe - $crvUSD market ASAP! https://t.co/BqhLfdKlUP https://t.co/WHOHFaansH
Once we add BTC as collateral, there is a legit chance Ethena lands in top 5 DeFi products by TVL by September https://t.co/Ns3G4qcJ4F
The Ethena x Maker x Morpho integration is great But I do think there is a place for Ethena within @aave as collateral. It will likely generate millions in fees for Aave too 🤝 Looking forward to risk analysis from the @chaos_labs guys