I'm currently staking $SKY to earn $SPK.
I bought a little more $SKY, and I swapped it for $SPK rewards because they seem more appealing than USDS.
The APY is around 20%... I'm hoping that as the market improves and Spark starts to gain traction, the profitability will get even better.
A couple of days ago, I wrote about why I love $AAVE, and Spark is similar in that regard.
However, the current circulation is quite low according to the tokenomics, which is a concern for long-term investment, so I'm still unsure about holding it long-term.
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Both SKY and SPK are stablecoins and are decent in terms of lending, so I generally have a positive view of the project.
I did some $SPK-related searching, but I did it because it was like a bucket of honey.
I'm sure no one will do it anyway, so I think I can share it ha ha
If you stake $SKY (formerly $MKR) now, you will get 16~17% interest in USDS
This is troublesome to explain, so I'll just put a link to it.
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