Sky Ecosystem July 2025 Growth Report

Binance is implementing native USDS support across its platform, marking a significant expansion for the stablecoin's accessibility. **Key Details:** - DAI holders on Binance will be automatically upgraded to USDS at a 1:1 ratio - DAI trading pairs close on April 7th - USDS pairs launch on April 9th - USDS will be integrated across multiple Binance services including trading pairs, Earn products, Margin, and Pay The transition represents a complete platform-wide upgrade from DAI to USDS functionality. Users holding DAI will see their balances converted seamlessly without requiring manual action. [Full Binance announcement](https://www.binance.com/en/support/announcement/detail/df2ce9c43b1d406ca2c4b14e4e34610a?utm_source=EnglishTelegram&utm_medium=GlobalCommunity&utm_campaign=AnnouncementBot)

Stablewatch has officially joined the Sky Ecosystem as a core contributor to its Risk & Data Engine. This partnership strengthens Sky's infrastructure for managing risk and data analytics within its decentralized savings platform. Sky enables users to earn rewards through non-custodial saving with USDS. The addition of Stablewatch's expertise signals Sky's continued focus on building robust risk management systems as the ecosystem grows.

The **Sky Frontier Foundation** is recruiting a **Head of Legal** to oversee legal operations across its DeFi ecosystem. **Key Responsibilities:** - Design legal architecture and governance structures - Manage entity frameworks and external counsel relationships - Shape legal strategy for one of DeFi's established platforms This is a foundational role offering the opportunity to build legal infrastructure from the ground up within the Sky ecosystem. **Security Note:** Sky does not recruit via LinkedIn. Report suspicious job offers on their [Discord server](http://discord.gg/skyecosystem). [Apply here](https://jobs.ashbyhq.com/skyecosystem)

Morpho has launched two new products for Sky's USDS ecosystem: **USDS Vault** - Now live on Ethereum - Accessible at [app.morpho.org](https://app.morpho.org/ethereum/vault/0xf42bca228D9bd3e2F8EE65Fec3d21De1063882d4/skymoney-usds-risk-capital) **stUSDS/USDS Market** - Enables leveraged stUSDS positions - Users can supply stUSDS, borrow USDS, and loop back into stUSDS - Increases exposure to stUSDS yields - Available at [app.morpho.org](https://app.morpho.org/ethereum/market/0x77e624dd9dd980810c2b804249e88f3598d9c7ec91f16aa5fbf6e3fdf6087f82/stusds-usds?subTab=activity) **Launch Incentives** - 30,000 USDS allocated for USDS suppliers during launch week The integration allows stUSDS holders to amplify their positions through borrowing and re-staking strategies.

**Sky Protocol** significantly ramped up its token buyback program in November, purchasing **154 million SKY tokens** using 7.8 million USDS. This represents a major increase from the previous week's 40.5 million SKY buyback using 1.9 million USDS. **Key metrics:** - Total program buybacks now exceed **88 million USDS** - November's activity shows accelerated pace - All buybacks follow decentralized mechanism The buyback program operates through Sky Protocol's **Smart Burn Engine**, with parameters defined in the Sky Atlas and approved by Sky Ecosystem Governance. View real-time buyback activity at [Sky Protocol's dashboard](https://info.sky.money/buyback/activity/)