Sky(sky)

Cumulative sUSDS yield payouts topped $250 million as Grove launched its GROVE governance token and a new Fixed Yield product crossed $44.1 million in TVL.

Sky (formerly MakerDAO) launched Fixed Yield on Wednesday — a term-based alternative to the variable Sky Savings Rate built on Pendle Protocol v2, giving sUSDS depositors a locked rate to a named maturity date.

Spark has released a comprehensive risk framework for the Sky Agent Network, detailing how losses are absorbed and risk is bounded across Spark Savings, SparkLend, and the Spark Liquidity Layer.

With Genesis Capital fully deployed, the protocol looks to shift from governance-determined capital outflows to rules-bound expenses capped at a fixed percentage of revenue.

The Sky-backed stablecoin incubator's inaugural class of eight projects marks the protocol's biggest push yet to diversify beyond crypto-native yield sources.

The company, which generated less than $10 million in revenue last year selling eyecare products, raised $134 million to bet entirely on the Sky protocol's governance token.

Sky is now the fourth-largest DeFi protocol as RWA-backed yields drive inflows.

The Sky Savings Rate is attracting significant capital, with deposits growing by more than 60% over the last 30 days.

S&P Global handed Sky Protocol a “B-” rating, saying the rating won’t improve within 12 months unless major fixes happen.

The DeFi capital allocator’s TVL is up 250% since April, and the protocol’s SPK token is now following suit.