Odaily Daily News: Spark and Pendle have officially partnered to launch fixed income asset PT-USDS and announced that it has been successfully deployed to the Morpho Spark DAI Vault. This move marks a crucial step for Spark in the structured deployment of fixed income assets driven by stablecoins, and also provides DeFi users with more capital efficient leverage tools.
USDS is a stablecoin issued and supported by Sky Protocol, anchoring real-world asset values. Through the Pendle protocol, the future earnings of USDS can be split into PT (Principal Token) representing the principal and YT (Yield Token) representing the earnings, achieving free combination and flexible allocation of the earnings structure. The launch of PT-USDS further expands the range of collateral assets on the Morpho platform, providing users with more possibilities to allocate leverage and profit strategies between multiple protocols.
With mainstream DeFi lending protocols gradually supporting PT assets as collateral, on chain leverage return strategies have become an important allocation direction for high net worth users and institutional investors. As one of the key infrastructures in this field, Morpho has taken the lead in providing support for PT assets, establishing a stable and flexible capital circulation mechanism, and accelerating the widespread application of fixed income assets in the DeFi market.
Spark will continue to promote the deep integration of stablecoins and DeFi fixed income markets, committed to building a more transparent, efficient, and composable on chain financial infrastructure, and providing users with robust and diversified income solutions.