Key Metrics
Fees (Annualized)$405.11m
Fees 30d$27.44m
Ethereum$27.44m
Fees 7d$6.35m
Ethereum$6.35m
Fees 24h$902,182
Ethereum$902,182
Cumulative Fees$1.223b
Ethereum$1.223b
Revenue (Annualized)$224.65m
Revenue 30d$13.76m
Ethereum$13.76m
Revenue 7d$3.12m
Ethereum$3.12m
Revenue 24h$445,413
Ethereum$445,413
Cumulative Revenue$746.3m
Ethereum$746.3m
Holders Revenue (Annualized)$71.24m
Holders Revenue 30d$1.52m
Ethereum$1.52m
Holders Revenue 7d$673,174
Ethereum$673,174
Holders Revenue 24h$133,106
Ethereum$133,106
Cumulative Holders Revenue$161.7m
Ethereum$161.7m
Staked$679.44m
$SKY Liquidity$2.06m
Uniswap V3$2.06m
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 GitHubYields
Pools Tracked8
Average Supply APY4.89%
Competitors
Frequently Asked Questions
What is Sky Lending?
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.
What is Sky Lending's TVL?
Sky Lending currently has $5.723b in total value locked. TVL has decreased 6.6% 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 $27.44m in fees. Of that, $13.76m was protocol revenue. Based on the trailing year, the annualized rate is $405.11m in fees and $224.65m 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 $8.018b across 203 protocols, and Sky Lending accounts for 71.4% of that total. Other leading protocols include USDD, Liquity V1, crvUSD, Liquity V2, Frankencoin, Inverse Finance FiRM, Reservoir Protocol, BIMA CDP, Abracadabra Spell, and Inverse Finance Frontier.
How many yield pools does Sky Lending have?
DefiLlama tracks 8 Sky Lending yield pools with an average APY of 4.9%.
