The collaboration between MakerDAO, MorphoLabs, and Spark has led to the launch of USDe<>DAI and sUSDe<>DAI vaults on Instadapp pro. Users can leverage farm shards up to 18x on ethena_labs's sUSDe & USDe collateral. Over 60 million DAI has already been borrowed, with only 40 million remaining, and two markets have reached 100% utilization. Morpho Blue's TVL has surpassed $300 million. The new USDe - DAI markets by MorphoLabs and Spark have significantly increased volume and liquidity utilization, with $97 million in volume at 585% utilization. Despite the successful launch, caution is advised on the use of leverage in DeFi.
Glad to see a successful launch for @MakerDAO @sparkdotfi and @MorphoLabs with $100m caps being filled in a few hours Composability like this is what makes DeFi so powerful But I do want to caution users here on the use of leverage:
Wow, @MorphoLabs and Spark's new $USDe - $DAI markets exploded Curve's USDe-DAI volume and liquidity utilization today: 97m volume @ 585% utilization today 🤯🤯🤯 @CurveFinance DAO really needs to get some serious $CRV emissions going on LlamaLend $sUSDe - $crvUSD market ASAP! https://t.co/BqhLfdKlUP https://t.co/WHOHFaansH
Two hours after deployment: • ~60 million DAI borrowed, only 40 million left. • Two markets reached 100% utilization. • Morpho Blue's TVL crossed $300 million. ⚡️ https://t.co/A3L3dNDBQJ
50m out of 100m DAI already borrowed vs USDe and sUSDe Cap are filling fast. Reminder you earn shards when you lend USDe or sUSDe to borrow DAI on @MorphoLabs https://t.co/oXl9vBUvZs
The @MakerDAO x @MorphoLabs x @sparkdotfi USDe<>DAI and sUSDe<>DAI vaults are now live on Instadapp pro! Leverage farm shards upto 18x on @ethena_labs's sUSDe & USDe collateral! https://t.co/LNp30oYVqA