Decentralized finance (DeFi) protocol Spark has initiated a significant shift in its treasury reserve strategy by allocating a substantial portion of its stablecoin holdings to regulated yield-generating strategies in the crypto space. This move signals an evolving approach to on-chain yield generation as traditional US Treasury returns continue to compress. 💰 On Thursday, Spark allocated $100 million of its stablecoin reserves to Superstate’s Crypto Carry Fund (USCC), a fund that generates yield by leveraging price differentials between spot and futures markets for major digital assets. This allows DeFi protocols to participate in market-neutral yield generation strategies typically utilized by hedge funds. 📈