myay
@mhe
Stablecoin issuer Ethena and tokenization platform Securitize are promoting Ethena's upcoming stablecoin USDtb to participate in Spark's $1 billion tokenization competition. The Spark competition (known as the "Token Grand Prix") will distribute up to $1 billion in liquidity to selected onboarding partners. Spark is a lending platform in the Sky ecosystem, renamed from MakerDAO (with its core stablecoin DAI changed to USDS). The results will be confirmed by Sky token holders through governance voting. The application includes a proposed swap tool for USDtb and USDe (another stablecoin issued by Ethena), aimed at enabling the Sky ecosystem to manage the allocation between these assets based on changes in interest rates. @ygor
0 reply
0 recast
0 reaction