In today’s briefing:
- Sky (SKY): Building Resilient Infrastructure for DeFi Income
Sky (SKY): Building Resilient Infrastructure for DeFi Income
- Sky operates a synergistic model comprising the SKY governance token and USDS stablecoin, functioning as a decentralised central bank that captures value from a portfolio of RWAs and on-chain lending.
- The protocol’s flagship Sky Savings Rate (SSR) currently offers a 4% yield that tracks the U.S. Treasury Notes, effectively establishing USDS as the on-chain equivalent of a risk-free dollar instrument.
- With over 86% of the legacy supply successfully migrated, Sky represents a fairly defensive investment that offers diversifying returns.
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