Key Highlights: Sky’s total value locked (TVL) dropped to its lowest point in a 30-day window on Nov. 7, down roughly 29% from its Oct. 12 peak of $6.23 billion. The protocol’s stablecoin footprint contracted across both major assets, with USDS shrinking alongside a decline in circulating DAI supply from $4.72 billion to $4.67 billion. ...
Key Highlights: Sky (formerly MakerDAO) boosted its protocol reserves by $28.47 million during the quarter, elevating total reserves to $85.08 million. Net income is actively supporting value-accrual mechanisms, including $SKY buybacks, USDS staking rewards, and an inaugural burn of 2.86 million $SKY tokens on September 13. Quarter-end protocol collateral reached $11.41 billion, with the USDS ...
Key Highlights: Stablecoin Development Corp shares experienced an abrupt surge beginning September 25 before retreating to approximately $4.50 per share with no clear news driving the action. Short sellers have faced limited and expensive share availability, while the firm told the SEC it cannot explain the unusual trading volume or determine who is driving it. ...