rema

Cofounder @BlockAnalitica

[Block Analitica @BlockAnalitica]

Over the past few weeks we've been talking with Curve delegates about what the DAO needs from its next risk provider, and shaped our proposal around what we heard.

Voting is now open:
https://t.co/CcIOeaE83P

1/2

[Block Analitica @BlockAnalitica]

As part of the @SkyEcosystem financial dashboard, we prepared an overview and the simulation tool for the USDS loss absorption waterfall.

It aims to answer crucial USDS peg-keeping questions.

Before USDS holders experience a haircut (Last Resort):
- How is Sky protocol configured to handle any potential losses?
- What are all the loss absorption levels?
- How much capital is there acting as a backstop?

It's important to revise the Loss Absorption Waterfall for (s)USDS and its holders to get a clearer picture of USDS asset safety and backstop capital standing in front.

[DeFi Sphere @TheDefiSphere]

Curve LlamaLend is now live on Sphere.

crvUSD mint markets and LlamaLend lending pools across Ethereum, Arbitrum and Optimism. Rates, utilization and concentration, side by side with every other protocol we cover.

@CurveFinance
https://t.co/tQZOmrqadx

[Block Analitica @BlockAnalitica]

More updates on Sphere 👇

@TheDefiSphere dashboard now includes Robinhood Chain.

[Block Analitica @BlockAnalitica]

Savings on @TheDefiSphere is a serious step up.

Stablecoin yield market, ranked and exportable, with full per-token analytics. Exactly the kind of transparency the space needs.

More below👇

[Sam MacPherson @hexonaut]

SparkLend ETH deposits have doubled in the last month, reaching 516k.

SparkLend ETH only allows efficiency-mode looping against Lido wstETH.

[Block Analitica @BlockAnalitica]

In an effort to make @SkyEcosystem's transparency and operations more accessible and easier to follow, we're happy to contribute to Sky Frontier Foundation by developing a new dashboard covering all financial aspects of Sky protocol.

This includes:
- Full PnL and Balance Sheet
- Collateral breakdowns
- Prime agents and their allocations
- Loss waterfall on Sky level
- Risk capital requirements, SSR, and much more

Dashboard: https://t.co/eGEb7texV9.

[Sam MacPherson @hexonaut]

SparkLend ETH has surpassed its previous ATH. Now at 380k ETH in deposits. (+50% growth since April 18)

We restrict high LTV "e-mode" to only @LidoFinance wstETH to provide the safest possible liquid yield on ETH.

No looping games with your deposits.

[Block Analitica @BlockAnalitica]

We're proud to contribute as a data provider for the @SkyEcosystem's quarterly report.

[Block Analitica @BlockAnalitica]

How our risk framework protected @hyperlendx from the Resolv (USR) exploit.

When we assessed USR for onboarding, we flagged a privileged SERVICE_ROLE; a single key that could control minting operations with no on-chain amount validation, no oracle checks, no caps. We called it a centralization risk and a single point of failure.

On March 22nd, that's exactly what was compromised.

Our recommendation was clear: USR should be borrowable only, never eligible as collateral. The asset carries significant CeFi dependency risk from off-chain infrastructure, custodians, privileged keys. This made it unsuitable for collateral use.

Because USR was never collateral on Hyperlend, two things held:
1. The attacker could never deposit illicitly minted USR as collateral to borrow legitimate assets like USDC or ETH. This is the exact drain vector that hit other platforms. On Hyperlend, that door was never open.
2. No leveraged looping, no liquidation cascading, no oracle arbitrage opportunity.

We recommended pricing USR at its market price from day one. When the depeg hit, the oracle repriced naturally. Any lender losses on Hyperlend are equivalent to simply holding USR, loss from price action, not from protocol insolvency or bad debt.

Total USR exposure on Hyperlend was ~5k USR with conservative supply and borrow caps. Our team responded within 2 hours of the exploit.

Zero bad debt. No protocol insolvency. No contagion.

gLend.

[Obex @obexincubator]

1/ Today we're unveiling Obex's inaugural cohort.

8 projects to join the Sky Ecosystem.

$1B in capital deployment begins today.

Meet Cohort 1:

Maple | Securitize | Centrifuge | Daylight | USDAI | Better | River | TVL Capital

🧵👇

[Sky @SkyEcosystem]

Sky Ecosystem has a new home: https://t.co/2OCwU7Lq0b

A global savings and capital allocation network backed by billions in diversified assets.

All powering the Sky Savings Rate, engineered for the best risk-adjusted yield.

Here’s what Sky Ecosystem is and how it works ↓

[rema @MarkoStemberger]

Crypto onchain lending markets are still highly inefficient, or there are behind the scene incentives for the privileged users

Sky Savings Rate had outperformed RFR over time, offers largest liquidity and is well diversified

[DeFi Sphere @TheDefiSphere]

We use @SkyEcosystem SSR as the DeFi benchmark rate on Sphere for exactly the reasons @vadymnx lays out here.

At 3.75%, it sits above SOFR and 3m T-Bills on our dashboard.

[Rune @RuneKek]

Institutional finance is a major driver of the growth of Sky and USDS

A public company like SDEV supporting Sky Ecosystem and accumulating SKY will significantly accelerate the adoption and integration of Sky and institutional finance

[DeFi Sphere @TheDefiSphere]

Today we're launching the new Sphere Dashboard.

Real-time DeFi stablecoin lending analytics: rates, risk scores, liquidation data, and simulation tools across 270+ markets on Ethereum, Arbitrum, Base, Avalanche, and Plasma.

https://t.co/dlJLR30Qj2

[Block Analitica @BlockAnalitica]

Block Analitica has no exposure to Resolv assets.

From our current data:
- Sky Ecosystem has zero Resolv exposure.
- SummerFi BA-managed vaults have zero Resolv exposure.
- HyperLend has ~$5k of USR supplied on HyperEVM, with the market frozen 7 hours ago.

We'll continue to monitor the second-order effects. Stay safe.

Thank you for your attention.

[DeFi Sphere @TheDefiSphere]

Sphere has been rebuilt from the ground up.

Real-time rates. Risk scores. Rate simulations. 4,000+ chartable data series across top DeFi lending protocols and networks.

Built by @BlockAnalitica, the risk team behind @SkyEcosystem.

Live Monday. Follow for the official announcement.

[DeFi Sphere @TheDefiSphere]

You have a thesis about DeFi lending rates.

Soon you'll be able to back it up.

Sandbox Mode gives you 4,000+ time series. Global rates, protocol metrics, individual market data. Mix any combination, save to dashboards.

Free. No login.

[DeFi Sphere @TheDefiSphere]

No two yield strategies are the same. Your dashboard shouldn't be either.

Sphere's sandbox will let you compose custom charts from cross-protocol data and save them as your own dashboard page. Build it once, check it daily.

Launching next week.

[DeFi Sphere @TheDefiSphere]

Keeping track of where the best lending yields are across protocols shouldn't require 15 browser tabs.

New networks, new stablecoins, new features and a completely new UX coming to Sphere next week.