Spark Liquidity Layer alone generating $68M per year. Am I reading this right? If so, not bad at all at $1.14B FDV đź‘€
Spark has deployed $3.4 billion into yield-generating strategies split between SparkLend, Coinbase (Morpho), Ethena, and Maple. This strategy is yielding approximately 7% APY, and after paying Sky's "Base Rate" of 5.05%, Spark is retaining a 2% net-interest margin or approximately $68 million per year.
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