The allocation will allow USDS stakers to access institutional-grade, overcollateralised yields via syrupUSDC.
Decentralised lending platform Maple Finance has been approved to receive a $25 million allocation from Spark Protocol and Sky (formerly MakerDAO). The capital will be deployed into Maple’s syrupUSDC pool, an over-collateralised lending market for institutional borrowers in early April.
The amount is an initial deposit, and Spark Protocol plus Sky will continue contributing an additional $5 million daily, scaling up to a total of $50 million in funding over the course of several days. The progressive rollout is meant to optimise capital efficiency and lending opportunities across the Maple ecosystem.
This capital allocation establishes a direct link between Sky’s Savings Rate and Maple’s real-world yield engine, enabling USDS stakers in the ecosystem to access differentiated, institutional-grade returns. It also marks one of the largest protocol-to-protocol deployments of capital into on-chain credit infrastructure to date.
“Having Spark and Sky allocate to Maple reinforces the strength and reliability of the credit infrastructure we’ve built,” said Sid Powell, CEO and Co-founder of Maple Finance. “This integration demonstrates how DeFi can deliver high-quality, risk-adjusted returns through real institutions, without compromising on transparency or composability.”
The deployment will benefit SYRUP token holders and stakers by increasing loanbook activity and supporting protocol revenue through buybacks. It also reflects a broader shift across DeFi toward composable, credit-based strategies that can serve both crypto-native and institutional users.
