As the successor to MakerDAO, Sky's total locked value (TVL) surged 38% this month, reaching $7.52 billion and becoming the fourth-largest DeFi protocol. Its sUSDS savings pool offers a fixed rate of 3.75% and currently holds approximately $6.5 billion, attracting nearly $1.3 billion in inflows in March as users seek safer and more reliable yields amid lower returns on alternative investments. The SKY token rose 4% over the past week.
As the successor to MakerDAO, Sky's total locked value (TVL) surged 38% this month, reaching $7.52 billion and becoming the fourth-largest DeFi protocol. Its sUSDS savings pool offers a fixed rate of 3.75% and currently holds approximately $6.5 billion, attracting nearly $1.3 billion in inflows in March as users seek safer and more reliable yields amid lower returns on alternative investments. The SKY token rose 4% over the past week.