MakerDAO, MorphoLabs, and Sparkdotfi are collaborating to introduce new features in the DeFi space. MakerDAO has deployed 100m DAI into Morpho for users to borrow Ethena's sUSDe. The integration has seen significant borrowing activity, with around 60 million DAI borrowed within two hours. The TVL of Morpho Blue has crossed $300 million. There are plans to add BTC as collateral to Ethena, aiming to scale to over 5 billion TVL by September. The collaboration is expected to generate millions in fees for Aave as well.
Wow, @MorphoLabs and Spark's new $USDe - $DAI markets exploded Curve's USDe-DAI volume and liquidity utilization today: 97m volume @ 585% utilization today π€―π€―π€― @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
Once we add BTC as collateral, there is a legit chance Ethena lands in top 5 DeFi products by TVL by September https://t.co/Ns3G4qcJ4F
The Ethena x Maker x Morpho integration is great But I do think there is a place for Ethena within @aave as collateral. It will likely generate millions in fees for Aave too π€ Looking forward to risk analysis from the @chaos_labs guys
Two hours after deployment: β’ ~60 million DAI borrowed, only 40 million left. β’ Two markets reached 100% utilization. β’ Morpho Blue's TVL crossed $300 million. β‘οΈ 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
Composability at its finest: Maker deploys 100m DAI via Spark into Morpho to farm Ethena yields DeFi is *chefβs kiss* https://t.co/6xJxr2DmEs
Huge: Maker deploys 100m DAI into Morpho so users can borrow Ethena's sUSDe against it Likely deploy much more soon enough https://t.co/8wICP1h0Lh
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
This is what @MakerDAO x @ethena_labs x @MorphoLabs combined power looks like at a glimpse. https://t.co/rJjEq7qQlt https://t.co/5P32HDB9fr
Plan is simple Add BTC as collateral to Ethena (BTC perps have >27b in open interest) Scale to 5 bil+ TVL by September