Total Value Locked$5.704b
TVL by Chain
Ethereum$5.704b
Key Metrics
Fees 30d$27.59m
Fees 30d by chain
Ethereum$27.59m
Fees 7d$6.75m
Ethereum$6.75m
Fees 24h$958,149
Ethereum$958,149
Cumulative Fees$1.272b
Ethereum$1.272b
Revenue 30d$13.5m
Revenue 30d by chain
Ethereum$13.5m
Revenue 7d$3.1m
Ethereum$3.1m
Revenue 24h$434,472
Ethereum$434,472
Cumulative Revenue$771m
Ethereum$771m
Holders Revenue 30d$5.87m
Holders Revenue 30d by chain
Ethereum$5.87m
Holders Revenue 7d$1.32m
Ethereum$1.32m
Holders Revenue 24h$186,506
Ethereum$186,506
Cumulative Holders Revenue$170.96m
Ethereum$170.96m
Collateral Liquidated 30d$0
Collateral Liquidated 30d by chain
Ethereum$0
Collateral Liquidated 7d$0
Ethereum$0
Collateral Liquidated 24h$0
Ethereum$0
Cumulative Collateral Liquidated$0
Ethereum$0
Staked$737m
Total Raised$54.5m
Dec 15, 2017$12mRound: Investors: Polychain Capital, Andreessen Horowitz, Distributed Capital Partners, Scanate, FBG Capital, Wyre Capital, Walden Bridge Capital, 1Confirmation
Sep 24, 2018$15mRound: Investors: a16z
Dec 19, 2019$27.5mRound: Investors: Dragonfly Capital, Inflection, Paradigm
Annual Operational Expenses$27.66m
Headcount97
Others$7.91m
Salaries$18.54m
Delegates$1.21m
Sourceshttps://expenses.makerdao.network/https://expenses.makerdao.network/recognized-delegates/finances/reports?viewMonth=Feb2023
NotesBased on data from Feb 2023
Last UpdateApr 29, 2023
Protocol Information
The USDS stablecoin powers the open Sky ecosystem. It is the upgraded version of DAI, providing new ways for you to have more rewarding crypto experiences.
Audits:
Methodology
TVL: Counts all the tokens being used as collateral of CDPs. On the technical level, we get all the collateral tokens by fetching events, get the amounts locked by calling balanceOf() directly, unwrap any uniswap LP tokens and then get the price of each token from coingecko. Also includes PSM USDC balance.View code on GitHubFees: Stability fees charged on DAI/USDS loans, liquidation income from collateral auctions, and PSM (Peg Stability Module) fees from USDC/DAI conversionsView code on GitHubRevenue: Fees collected minus savings rate paid to DSR depositorsView code on GitHubHolders Revenue: SKY token buybacks + staking rewards for sky stakersView code on GitHubCollateral Liquidated: Collateral confiscated from vaults in Dog Bark events (Liquidations 2.0), converted from the internal 18 decimal amount to the collateral token using the IlkRegistry gem and dec.View code on GitHubYields
Pools Tracked8
Average Supply APY4.29%
Competitors
Frequently asked questions
What is Sky Lending's TVL?
Sky Lending currently has $5.704b in total value locked. TVL has increased 10.8% over the past 30 days.
What chains does Sky Lending operate on?
Sky Lending operates on Ethereum. Ethereum holds the largest share at 100%.
How much has Sky Lending generated in fees and revenue?
Over the past 30 days, Sky Lending generated $27.59m in fees. Of that, $13.5m was protocol revenue. Based on the trailing year, the annualized rate is $389.72m in fees and $199.31m in revenue.
How does Sky Lending's TVL compare to similar protocols?
Among CDP protocols tracked by DefiLlama, Sky Lending ranks #1 by TVL. The category holds $7.814b across 199 protocols, and Sky Lending accounts for 73% of that total. Other leading protocols include USDD, Liquity V1, crvUSD, Liquity V2, Reservoir Protocol, Frankencoin, Inverse Finance FiRM, BIMA CDP, Inverse Finance Frontier, and Abracadabra Spell.
How many yield pools does Sky Lending have?
DefiLlama tracks 8 Sky Lending yield pools with an average APY of 4.3%.