BlockBeats news, on December 11, Sky (formerly Maker) announced on social media that its lending protocol Spark has deployed $100 million in stablecoin liquidity to the Base network through the Spark liquidity layer. This deployment also activated the savings feature on Base, allowing Base users to provide stablecoins and earn incentives over time.
This $100 million deployment increases the stablecoin supply on Base, enhances liquidity, stabilizes interest rates, and improves capital efficiency. It means that Spark can provide large-scale, on-demand liquidity and earn native yields. Base projects can seamlessly integrate with this to offer a better experience for stablecoin users.