SPARK | Crypto

As Treasury yields sink, Spark’s $100 million move into Superstate’s regulated crypto carry fund signals DeFi’s pivot toward uncorrelated yield sources. Decentralized finance (DeFi) lending protocol Spark has rotated a portion of its treasury reserves from US government bonds into crypto-native yield strategies, signaling new approaches to onchain yield generation as Treasury returns continue to compress. On Thursday, Spark said it allocated $100 million of its stablecoin reserves to Superstate’s Crypto Carry Fund (USCC), a regulated basis-trading fund that generates yield from price differentials between spot and futures markets across major digital assets. The fund allows DeFi protocols to earn market-neutral yield from the same derivatives markets traditionally used by hedge funds. According to Superstate’s website, USCC manages about $528 million in assets and currently produces a 30-day yield of 9.26%. Read more

PayPal has teamed up with Spark to boost PYUSD liquidity, with deposits already topping $135 million on the decentralized finance (DeFi) lending protocol. PayPal has partnered with decentralized finance (DeFi) protocol Spark to expand liquidity for its US dollar stablecoin, PayPal USD (PYUSD).  PayPal's stablecoin has attracted more than $135 million in deposits since its August listing on SparkLend, a lending market focused on stablecoins, according to a Thursday statement. SparkLend was launched in 2023 out of the MakerDAO ecosystem and later integrated into Maker’s successor entity, Sky. It runs the Spark Liquidity Layer, which is backed by more than $8 billion in stablecoin reserves, according to the protocol. Read more

$614.9 billion—that’s where blockchain gaming revenue is now forecast to land by 2030 after AI agents began running wallets, cutting trades, and even bluffing at on-chain poker tables this week. Recent data shows that the global blockchain gaming market size was valued at $128.62 billion in 2022.While this growth is impressive, on-chain games still primarily […] The post AI Agents Set to Spark $615B Boom in Blockchain Gaming Engagement appeared first on Cryptonews.