Sky Lending(SKY)
Total Value Locked$5.985b
TVL by Chain
Ethereum$5.985b
Key Metrics
Fees 30d$27.08m
Fees 30d by chain
Ethereum$27.08m
Fees 7d$6.48m
Ethereum$6.48m
Fees 24h$960,741
Ethereum$960,741
Cumulative Fees$1.266b
Ethereum$1.266b
Revenue 30d$13.49m
Revenue 30d by chain
Ethereum$13.49m
Revenue 7d$3.14m
Ethereum$3.14m
Revenue 24h$462,636
Ethereum$462,636
Cumulative Revenue$767.9m
Ethereum$767.9m
Holders Revenue 30d$5.61m
Holders Revenue 30d by chain
Ethereum$5.61m
Holders Revenue 7d$1.37m
Ethereum$1.37m
Holders Revenue 24h$195,345
Ethereum$195,345
Cumulative Holders Revenue$169.64m
Ethereum$169.64m
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$796.14m
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 APY4.18%
Competitors
Frequently Asked Questions
What is Sky Lending's TVL?
Sky Lending currently has $5.985b in total value locked. TVL has increased 7.4% 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 $27.08m in fees. Of that, $13.49m was protocol revenue. Based on the trailing year, the annualized rate is $390.8m in fees and $201.9m 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 $8.197b across 198 protocols, and Sky Lending accounts for 73.1% 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 4.2%.