Spark Deploys Additional USDS Liquidity to Aave's Lido Market

🌊 USDS Liquidity Just Doubled

By SparkLend
Nov 14, 2024, 4:35 PM
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Photo by SparkLend

Spark Protocol has increased its USDS liquidity deployment to Aave's Lido market by 24.​9 million USDS, responding to heightened market activity.​ This follows a previous 25 million USDS deployment through the USDS Direct Deposit Module.​

Key points:

  • Total deployment now reaches ~50 million USDS
  • Current utilization rate exceeded 80%
  • 12.​3 million USDS remains available for borrowing
  • Aims to enhance borrowing capacity and offer competitive rates

For detailed information, visit the Sky Governance Forum.​

Sources
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