@Uniswap's stablecoin liquidity just got even deeper To share more about why this is cool🦄 Spark recently moved $150M into @Uniswap across USDS/USDT, USDS/PYUSD, and more pairs soon Notably, a long-standing feature of Maker/@SkyEcosystem is offering the PSM, which allows USDS/DAI to be converted for USDC at billions in size What did Uniswap do? We built a v4 hook that directly taps into the PSM, at the Uniswap protocol level, not via our API routing on top Why this is cool Spark currently LPs $50M into USDS/USDT - with this hook, the protocol treats USDS and USDC as equivalent. Now this LP position can more easily service trading between USDC-USDT via the multihop, a market that trades hundreds of billions per year. Many routing solutions in the market today do integrate with the PSM, but by Uniswap doing it at the protocol level, multihop trades became more gas efficient, and also now more simple as everything is handled inside one protocol, @Uniswap With the PSM hook, USDS, USDC, and DAI are all treated the same with the protocol, deepening the network effects of stablecoins within Uniswap. This is greatly beneficial to parters like @sparkdotfi who now can expect greater flows for their AMM activity