Spark Protocol, a Maker SubDAO-built DeFi infrastructure, has collaborated with Morpho Blue, deploying $100 million in new DAI liquidity. This integration enables users to access Ethena’s stablecoins, USDe and sUSDe, via highly efficient leveraged positions supported by MakerDAO.
New DAI Markets and MetaMorpho Vault
In addition to introducing new DAI markets like USDe/DAI and sUSDe/DAI, a DAI vault has been established on MetaMorpho, allowing the allocation of DAI liquidity to these markets. Maker’s Direct Deposit Module (DDM) will initially collect all accrued fees from the vault.
Sam MacPherson, CEO of Phoenix Labs, expressed enthusiasm about the collaboration unlocking opportunities in the DeFi lending space. Spark Protocol’s shift to Morpho is driven by the latter’s programmability, empowering users to customize lending pools and risk parameters effectively.
Morpho Labs CEO Paul Frambot highlighted the trustless and efficient lending infrastructure offered by Morpho, enabling broader collateral options for borrowing DAI. This move comes amid Morpho’s evolving role in the DeFi landscape, following its partnership with MakerDAO and its integration with Aave.
MakerDAO’s decision to collaborate with Morpho reflects its strategy to diversify risk management and foster DeFi innovation. This move underscores the dynamic nature of DeFi protocols adapting to meet evolving market demands.
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