Spark has deployed 5 million USDS to the Aave Lido market via the Sky USDS direct deposit module
2024-10-10 01:43
Odaily News Sky published a post on X saying that Spark has deployed 5 million USDS to Aave's Lido market through the new Sky USDS direct deposit module. The module has been initialized with a maximum configuration of 100 million USDS, which can be expanded as liquidity demand increases and provide more competitive interest rates for USDS under larger trading volumes. In addition, USDS suppliers on Aave can now receive SPK and USDS rewards: - $50,000 will be allocated weekly for bootstrap rewards, which will then be adjusted to at least match the sUSDS interest rate, currently 6.5%; - 3.33 million SPK pre-mining airdrop allocations will be allocated monthly.
