Sky and Spark agree to deploy $25 million to Maple Finance lending pool and plan to double the allocation

Maple Finance, a decentralized lending agreement, has secured a $25 million funding allocation from the Sky ecosystem, aiming to continue to expand deeply into the real-world asset space. The funding comes from stablecoin and lending agreement Sky (formerly MakerDAO) and Spark sub-DAO. The parties plan to increase the deployment amount, possibly up to $50 million. The agreement will initially allocate $25 million and gradually scale up by investing an additional $5 million per day into Maple's lending marketplace syrupUSDC funding pool. Maple noted that the Sky and Spark funding allocation will increase loan book activity and revenue through repurchase support agreements. This latest funding allocation represents Sky's deepening commitment to diversifying its exposure to the DeFi and RWA space.