Greg Feibus

Global Head of Capital Markets @SkyEcosystem | Deepening capital flows between traditional finance and the onchain world | Ex @MidasRWA @Ondo @Anchorage

[Greg Feibus @gregfeibus]

After 2+ years at @MidasRWA, I’ve decided to join thr Sky Frontier Foundation as the Global Head of Capital Markets.

I'm genuinely grateful to have been part of the Midas journey from the early, early days, helping build the platform from the ground up, scaling to $2B + in asset issuance, and closing a $50m Series A.

On May 18th, I joined @RuneKek at the SFF. The @SkyEcosystem sits at the intersection of tokenization, traditional capital markets, and onchain finance, three worlds that are now undeniably colliding. My focus will be leveraging Sky's growing balance sheet to deepen capital flows, by leveraging the most established institutions and capital channels to bring traditional finance meaningfully into the Sky Ecosystem.

Sky has been executing quietly and consistently for years with ~$11B in combined stablecoin supply, $15B in TVL, ~$450M in annualized revenue, and a $2.5B mandate to deploy into real-world assets across credit, AI infrastructure, energy, and housing.

Currently, USDS is the 3rd largest stablecoin while sUSDS is the world’s largest yield generating stablecoin. It’s clear that in a period of broader DeFi dislocation, Sky became the flight-to-safety. This is the product of a decade of rigorous risk management and protocol discipline tracing back to the earliest days of MakerDAO.

Capital markets run on trust. Sky has been building it longer than any protocol in DeFi by optimizing for one thing: capital preservation above all else. Sky is well positioned to build on that trust by expanding participation from traditional institutions across an increasingly mature ecosystem. I look forward to contributing to that effort!

[Piotr Saczuk @stablecoin_p]

There are surprisingly few places I'd trust with my own savings. And I think that's a pretty big problem.

For me, it always came down to transparency and understanding where my money actually goes.

Eventually, I landed on sUSDS. And that's really where the idea for @OseroHQ started.

Nice to finally share a bit more of the story and the people building it with me.

[Greg Feibus @gregfeibus]

@RuneKek I think you’ve touched on something deeply important here. Let’s unpack this thoughtfully, because there are several layers of nuance worth exploring. Here are my 7 key takeaways. 🧵 (1/47)

[timzz @timzz_sleep]

Sparklend 不支持稳定币作为抵押物借贷资产
所以黑客无法通过Spark进行资产转移

[Aes @AesPoker]

@grovedotfinance has no exposure to the ongoing Binance exploit.

[Sky @SkyEcosystem]

We are aware of the Binance security incident, and can confirm that Sky Protocol has no exposure to it. USDS and sUSDS are unaffected.

[Greg Feibus @gregfeibus]

@RuneKek Yes and a bunch of these have pretty small core teams relative to their economic scale. Cool graphic.

[Greg Feibus @gregfeibus]

DeFi’s federal bank.

[Sam MacPherson @hexonaut]

DeFi's federal bank.

[Greg Feibus @gregfeibus]

@aliciakatz Let me help you out! https://t.co/HQpKJeELVP

[Grove Finance @grovedotfinance]

https://t.co/LC169wPmnJ

[Greg Feibus @gregfeibus]

What would Brian O’Conner think of this?

[Kalshi @Kalshi]

JUST IN: A full highlight reel of all the stunts performed at the Tesla Roadster event

[Greg Feibus @gregfeibus]

@nic_carter Congrats 🙏

[Greg Feibus @gregfeibus]

@AesPoker @hexonaut @grovedotfinance Here for the transparency

[Greg Feibus @gregfeibus]

@kugusha @laracroft that you??

[Greg Feibus @gregfeibus]

@definikola @SkyEcosystem yield until the moment your macchiato becomes a liquidity event.

Factoring sky pay into roadmap.

[Greg Feibus @gregfeibus]

@definikola @SkyEcosystem Time to bring it back 🤔

[timzz @timzz_sleep]

稳定币百亿俱乐部有三家：Tether 的 USDT、Circle 的 USDC、Sky 的 USDS。

各家都有自己的擅长领域。

过去一周，USDS 增量第一，Crypto借贷是 USDS 增发的核心驱动。

[Sam MacPherson @hexonaut]

👀

[definikola @definikola]

Oracle parsing into human readable form information is one of the most obvious improvements being avoided for years now by major lending protocols unfortunately for IMO no reason.

Hey @aave & @Morpho, even something like this would be a huge improvement, time to step up.

[Milk Road Crypto @milkroaddaily]

Moody's assigns B3 rating to @SkyEcosystem.

This is the first time a large credit rating agency has issued a formal rating for a stablecoin protocol.

Sky protocol (previously Maker) runs the USDS stablecoin, with the $SKY token governing the protocol.

B3 rating means speculative grade. This means Moody's sees the project as high-risk.

They say Sky manages ~$10B in assets, but equity/reserves are only ~$90M (a thin capital buffer).

Previously, S&P had assigned a B- rating to SKY. This makes SKY the only major DeFi protocol rated by both agencies.

The ratings benefit SKY because institutions can now apply their traditional credit models to SKY, which was previously difficult.

It improves legitimacy, increases the probability of higher demand for sUSDS as collateral, and creates new partnership opportunities for the protocol.

[Greg Feibus @gregfeibus]

@GoodStephV yea, early investors can negotiate better terms in private markets and do so all the time. The issue is the undisclosed deal and using the position to jump the withdrawal queue which is a conflict of interest, even if ‘insider trading’ isn’t the right label.