Sky
10.6K posts

Sky
@SkyEcosystem
A global savings and capital allocation network managing billions in diversified assets, powering the Sky Savings Rate. Access Sky Savings products - https://t.co/z2JY5TaKkn









Security incidents across DeFi are a recurring reminder of what is at stake for users, for protocols, and for the future of onchain finance. The infrastructural approach powering Sky Protocol has operated for over a decade without a core smart contract exploit or the loss of any users' funds. Sky Protocol has survived through multiple market cycles and the collapse of various assets and protocols within the DeFi industry. This is attributed to Sky Protocol's commitment to rigorous risk management across smart contracts, legal frameworks, and capital management. As exploits occur across the industry, Sky Protocol uses these moments to learn and strengthen its systems, maintaining the security and stability that users depend on. Sky Protocol has continuously evolved its collateral architecture, from single-collateral DAI to multi-collateral DAI to a diversified set of onchain and real-world assets backing both DAI and USDS, driven by a governance commitment to building a more resilient and robust system over time. This track record, along with the diversified collateral architecture backing Sky Protocol's stablecoins, is why sUSDS has become the world's largest yield-generating stablecoin and USDS the third-largest stablecoin globally. We empathize deeply with everyone affected. And we believe the path to institutional DeFi runs through this commitment: document every failure mode in advance, design for the worst case, and never treat capital protection as a second priority. The standard never lowers. The work continues. Onwards.








