The Spark Liquidity Layer supplied over $150M $USDC to @MorphoLabs, the lending protocol, on @Base.

The demand for $USDC comes from @coinbase users, who are borrowing against their $BTC, which the company is then collateralizing on Morpho.

The SLL is supplying the $USDC to Morpho, for which it earns a return. The stablecoins are then routed to Coinbase users.

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