⌘K

Sky Lending (MKR)

Total Value Locked$6.97b

Chain Breakdown
Ethereum	$6.97b

USD ETH

Information

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

Audits

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Token Information

Address:0x9f8f72...a579a2

View on Etherscan

Methodology

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.

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Competitors

Avalon USDa ($468.85m)Liquity V1 ($190.22m)crvUSD ($158.67m)Level ($140.34m)Reservoir Protocol ($99.32m)Beraborrow ($369.19m)lisUSD ($363.47m)USDD ($319.71m)Thorchain Lending ($120.71m)Inverse Finance FiRM ($82.53m)

Raises

Total raised: 54.5m
12/15/2017 : Raised $12m
9/24/2018 : Raised $15m
12/19/2019 : Raised $27.5m