Sky Lending (SKY)
Total Value Locked$6.348b
| Ethereum | $6.348b |
|---|
| Include in TVL (optional) | |
|---|---|
| $433.2m |
| Staked | $433.2m |
|---|---|
| $2.06m | |
| $415.91m | |
| $174.14m | |
| $54.5m | |
| $27.66m |
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.
Category:CDP
Development Activity
(updated at 10/06/25)
Weekly commits: 8
Monthly commits: 83
Weekly developers: 4
Monthly developers: 20
Last commit: 5 months ago (2025-06-10)
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.
Fees: Stability fees charged on DAI loans, liquidation income from collateral auctions, and PSM (Peg Stability Module) fees from USDC/DAI conversions
Revenue: Fees collected minus savings rate paid to DSR depositors and operational expenses