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#PayPal Introduces 
$PYUSD Savings Vault on Spark Platform
PayPal has launched the $PYUSD Savings Vault on decentralized lending platform Spark, offering stablecoin users a new method to generate yield on holdings.
The Spark website advertises 4.25% APY for the vault, matching returns on other stablecoin vaults for 
$USDC, 
$USDT, and Spark's native 
$USDS token issued by parent organization Sky. Yield for the $PYUSD Savings Vault is anchored to the Sky Savings Rate, funded by Sky Protocol's revenue.
Sky earns revenue through stability fees from overcollateralized loans, investments in real-world assets, and liquidity provisioning in Spark. The #DeFi lending and liquidity protocol launched in 2024, offering yield-generating stablecoin Savings Vaults and the SparkLend decentralized money market.
$PYUSD integrated into SparkLend in September, enabling users to supply and borrow the #stablecoin. PayPal and Spark announced a goal to grow deposits to $1 billion after approximately $200 million was deposited within the first 24 hours.
