Ethena: USDe and sUSDe will be integrated into the Spark liquidity layer, with a short-term allocation cap of up to $1.1 billion

ChainCatcher message, Ethena Labs announced on X that the direct allocation of USDe and sUSDe has been approved and will be integrated into the Spark Liquidity Layer, with a total allocation of up to $1.1 billion in the short term.

Incorporating Ethena into the Spark Liquidity Layer will allow Spark to directly receive Ethena rewards without going through lending. This proposal will enhance Spark's support to deploy USDC reserves directly into USDe and sUSDe using the Ethena Minting contract.