Spark announces PT-USDS integration with Morpho Spark DAI Vault, advancing the structured deployment of stablecoin fixed income assets

Odaily Planet Daily News: Spark and Pendle have officially collaborated to launch the fixed income asset PT-USDS and announced its successful deployment to the Morpho Spark DAI Vault. This move marks a key step for Spark in the structured deployment of stablecoin-driven fixed income assets and provides DeFi users with a more capital-efficient leverage tool.

USDS is a stablecoin issued and supported by Sky Protocol, pegged to the value of real-world assets. Through the Pendle protocol, the future yield of USDS can be split into PT (Principal Token) representing the principal and YT (Yield Token) representing the yield, allowing for free combination and flexible configuration of yield structures. The launch of PT-USDS further expands the range of collateral assets on the Morpho platform, offering users more possibilities for leveraging and yield strategies across multiple protocols.

As mainstream DeFi lending protocols gradually support PT assets as collateral, on-chain leverage yield strategies are becoming an important allocation direction for high-net-worth users and institutional investors. Morpho, as one of the key infrastructures in this field, is the first to provide support for PT assets, establishing a stable and flexible capital circulation mechanism, accelerating the widespread application of fixed income assets in the DeFi market.

Spark will continue to promote the deep integration of stablecoins and the DeFi fixed income market, committed to building a more transparent, efficient, and composable on-chain financial infrastructure, creating robust and diversified yield solutions for users.