Spark Protocol, the lending sub-DAO of the Sky ecosystem, plans to allocate $1.1 billion from its liquidity layer balance sheet to Ethena's USDe and sUSDe tokens to improve capital efficiency. USDe is an algorithmic stablecoin that was launched in 2024 and is currently the fourth-largest stablecoin by market capitalization, attracting attention for the yield available to its holders. The Spark team expects the distribution to achieve an annualized yield of approximately 27% under favorab...