According to Sky Frontier Foundation, Sky protocol's quarterly revenue reached $123.79 million in Q1 2026, up 28.9% year-over-year and 56.8% quarter-over-quarter, marking a protocol record. Net surplus totaled $46.04 million, representing 92.4% of the full-year 2025 net surplus. Protocol

Gate News message, April 28 — Rune Christensen, founder of Sky Protocol, published a proposal on the Sky governance forum on April 24 to permanently exit the protocol's bootstrap funding phase following the transfer of Genesis Capital to Grove, an institutional credit allocator in the Sky Agent

Gate News message, April 28 — Sky has proposed a comprehensive reform of its treasury income allocation mechanism, according to founder Rune Christensen. With Genesis Capital transferred to Grove, Sky has formally concluded its genesis capitalization phase, ending the previous ad-hoc,

Gate News message, April 27 — Sky Protocol announced the development of Laniakea, a standardized infrastructure framework designed for institutional-scale capital deployment on its Sky Agent Network. The protocol currently manages over $11 billion in USDS circulation and generates yield through

Gate News message, April 27 — Sky, the decentralized finance (DeFi) lending protocol formerly known as MakerDAO, has proposed streamlining its Treasury Management Function (TMF) following the formal conclusion of its founding capital deployment phase. Founder Rune Christensen announced in a forum po

Gate News message, April 23 — Sun Yuchen has cumulatively deposited $1.3 billion in assets on Spark, earning $5.38 million in USDS farming rewards, according to on-chain analyst Ai Yi. Over the past three hours, Sun's address 0x939...6a1d1 withdrew 300 million USDS from Sky and subsequently deposite

Justin Sun deposited 53,660 ETH worth $125 million into Spark, after withdrawing the tokens from Aave. He now holds about $2.13 billion in assets across Sky and Spark, along with $380 million in Aave.

Sky, the decentralized finance protocol formerly known as MakerDAO, launched its stablecoin USDS and yield-bearing sUSDS on Avalanche via Skylink, a unique crosschain bridge. The bridge began with a 5 million daily transfer cap, expected to increase by April 27.

Tether invested $134 million in Stablecoin Development Corporation (SDEV), acquiring influence in Sky Protocol governance. The funds aim to enhance stablecoin infrastructure, signaling Tether's broader investment strategy beyond USDT.

Tether confirmed its participation in a $134 million funding round for Stablecoin Development Corporation, aiming to provide investors exposure to the stablecoin market through key holdings in SKY and USDS. SDEV now holds around 2.15 billion SKY tokens.