11b 🎉

USDS supply has surpassed another all-time high, reaching $11.1B. Sky Governance is now proposing a temporary buyback reallocation to scale the protocol's capital base alongside USDS supply growth. With this capital discipline, SFF's projected $20.6B USDS supply by EOY 2026

Monthly Trending Yield Tokens by TVL Change: 1. wsrUSD – Reservoir 2. USDY – Ondo Finance 3. sUSDu – Unitas Labs 4. sUSDS – Sky 5. siUSD – infiniFi

First checkpoint reached in less than a month: $300M+ supplied across five Sky-curated Morpho vaults. Supported assets: USDC, USDT, USDS USDS Flagship allocation: 80% to the Sky Savings Rate (currently 3.75%), 20% across USDS markets vs stUSDS, cbBTC, wstETH, ETH

A few Sky Ecosystem links have been updated as part of a broader migration we're working on. The following pages now have new URLs: → Upgrade MKR to SKY → Sky Ecosystem Dashboard → Governance Forum Please read this 🧵 for the updated URLs

~70M USDS in proposed Genesis Capital across four Sky Agents. More agents, more diversified revenue, a stronger foundation for the Sky Savings Rate.

Around 2B of this demand growth comes from USDS and Savings USDC.

Sky Protocol is now the 4th largest DeFi protocol by TVL. Recent coverage from The Defiant highlights continued inflows into Sky Protocol, with TVL reaching ~$11.2B, up ~38% since March 1. The report also notes ~$6.5B in the sUSDS Sky Savings Rate: thedefiant.io/news/defi/sky-…

Spark Savings crossed +$4B in deposits. On-chain savings infrastructure, scaling in real time.

Sky Frontier Foundation is hiring a Head of Legal. This role will help shape how legal operates across one of DeFi’s most established ecosystems, spanning legal architecture, governance structures, entities, and external counsel. If that sounds like you, apply below 👇

Spark Savings USDC vaults crossed +$1B. From $700m to +$1B in a month.

USDS supply just crossed $11.5B for the first time, adding $200M in the last 24 hours alone. With 21% growth in the last 30 days, USDS is the only top 5 stablecoin currently posting double-digit expansion. This continues to align with SFF's year-end target of $20.6B.

Stablewatch has become a core contributor to Sky Ecosystem's Risk & Data Engine. Welcome to the Sky Ecosystem 🤝

With $27.88B in onchain transfer volume over the last 30 days, sUSDS is the most adopted yield generating stablecoin in crypto, per TokenTerminal. At 20x+ YoY volume growth, sUSDS is becoming the primary destination for capital rotating out of non-yielding stablecoins.