Spark supplies over $400M USDC to Morpho’s cbBTC/USDC market on Base

The Sky ecosystem's allocation layer now provides nearly a quarter of the USDC in one of Base's busiest Bitcoin-backed lending markets Spark now supplies more than $400 million in USDC to the cbBTC/USDC lending market on Base. That makes it the source of nearly a quarter of all the USDC in the market. Spark is the allocation layer from the Sky ecosystem. It routes its capital through a dedicated Morpho USDC Vault, which in turn feeds the cbBTC/USDC market. Spark’s vault has allocated over $410 million into that single market, according to the research data.

Source: Crypto Briefing