@SkyMoney The final proposal for the upcoming Sky Rewards Date is now live.
The first 500 participants who cast their votes will earn a boosted $SKY Asset Multiplier.
Learn More:
https://t.co/M8wbuadz35
stUSDS, the risk capital product on https://t.co/w43dax3I2J, is currently offering a ~11.81% APY on USDS.
When you supply USDS to the stUSDS module, your capital funds SKY-backed borrowing.
Here’s what you should know ↓
I'm excited to be joining @SkyEcosystem to lead business development globally.
Five months ago I met @RuneKek and the team. What I found was a group quietly but relentlessly executing on an ambitious vision. The numbers speak for themselves. $14.8B in AUM. ~$10.8B in USDS supply. The 3rd largest stablecoin globally, and home to sUSDS, the largest yield-generating stablecoin.
This is the result of a great deal of operational discipline. Since its earliest days as MakerDAO, Sky has optimized for one thing above all: protect people's capital. The last few weeks in DeFi are a reminder of why that matters.
What attracts institutional capital isn't the biggest number on a screen. It's the number you can trust is still there tomorrow.
Financial services have one product. It's trust…and Sky has been building it longer than anyone in DeFi.
Sky, the oldest DeFi protocol and largest yield generating stablecoin USDS with more than 10b in circulating supply that gives you 3.65% APY with the native Sky Savings Rate - trusted by the biggest DeFi native institutions and crypto whales :)
Sky Protocol is designed around stability, liquidity, and risk management.
A key part of that is the Peg Stability Module (PSM).
It provides deep, reliable liquidity for USDS, with $3.7B+ in 1:1 USDS ↔ USDC conversion capacity.
Here’s how it works ↓
$4.6M in yield accrued to sUSDS holders last week.
No claims. No harvesting. No manual compounding. The value of your sUSDS grows automatically just by holding it.
This is the full flow to start accruing 3.75% on your stablecoins.
Swap USDC to USDS → Deposit USDS into the Sky Savings Rate Module → Receive sUSDS
Watch it grow. No lockups. $4B+ in instant redemption capacity.