TREE NEWS reports: Sky’s total value locked dropped 15% over the past week, with USDS circulating supply falling to $5.59 billion over the same period. Sky.money currently lists a 3.80% savings rate set by governance.
Sky TVL Falls 15% in a Week as USDS Supply Shrinks to $5.59B
AI take
A double-digit TVL drawdown paired with a shrinking stablecoin supply points to redemptions rather than a price effect, since USDS is a dollar peg. That matters because Sky's model leans on governance-set savings rates to retain deposits, and a 3.80% rate is now competing against whatever is pulling capital out. The open question is whether this is a one-week outflow or the start of a sustained contraction in USDS supply, and whether governance adjusts the savings rate in response.
Generated by AI for reference only.
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