Sky TVL Falls 15% in a Week as USDS Supply Contracts
Sky's total value locked dropped 15% in a week as the circulating supply of its USDS stablecoin contracted to $5.59 billion. Sky.money currently lists a 3.80% savings rate set by governance. A shrinking stablecoin supply and falling TVL suggest capital is leaving the protocol, a signal traders watch for weakening demand in DeFi lending and yield products.