Sky seems largely unfazed despite the recent DeFi chaos.
USDS supply back above $8 billion, total @SkyEcosystem stablecoin supply at $12.4 billion and basically up only since launching in Sep 2024.
Still one of the most underdiscussed growth stories in DeFi.
The DAI to USDS upgrade is complete across all major exchanges.
@binance, @bitget, @HTX_Global, @Gate, @MEXC, and @kucoincom have handled the transition automatically for their users.
USDS, the core stablecoin of Sky Ecosystem, is now live and trading on all six platforms.
Sky is splitting its balance sheet across autonomous capital agents.
$70M in USDS was recently approved for four agents that will independently deploy stablecoin liquidity into credit markets, DeFi, and RWAs.
Under MakerDAO, every allocation ran through a single governance vote. As the balance sheet grew into the billions, Sky moved to a model where specialized agents manage capital independently.
Spark currently routes ~$2B through its Liquidity Layer across Ethereum lending and RWA markets. Keel targets up to $2.5B in capital deployment. This latest allocation adds four more with up to 10 planned for 2026.
It strikes me as an attention tactic? X has become increasingly used as a place to consume breaking news. SF saw an opportunity to curate their own version of that, and as a result, reach a far broader audience. I assume, with the ultimate goal of funnelling that audience to Solana and the ecosystem.