Sky's LitePSM Integration Strengthens Stablecoin FX Layer on Uniswap v4
Sky's LitePSM Integration Strengthens Stablecoin FX Layer on Uniswap v4
đź”— Stablecoins get connected
Spark, Uniswap, and Sky Ecosystem launched the Stablecoin FX Layer in July, connecting USDS to USDC liquidity through LitePSM integration.
Key developments:
- Initial deployment brought $150M to Uniswap v4
- Processed $70M+ volume in first three days
- LitePSM enables 1:1 USDS-USDC convertibility
Benefits for the ecosystem:
- Traders get deeper liquidity and lower slippage
- Stablecoin issuers can tap shared liquidity instead of bootstrapping from scratch
- Builders can develop on unified infrastructure rather than fragmented pools
The FX Layer aims to coordinate stablecoin liquidity across multiple pairs, putting idle capital to work while maintaining instant access. By integrating into Uniswap's routing, the system allows traders to access deeper liquidity sources for better execution.
Spark, Uniswap, and Sky Ecosystem brought the Stablecoin FX Layer live in July. By connecting USDS to deep USDC liquidity through LitePSM, the integration strengthens the common liquidity foundation on which the FX Layer can continue to build. x.com/SkyEcosystem/s…
The Stablecoin FX Layer needs a common liquidity foundation. By connecting USDS to deep USDC liquidity through LitePSM, this integration strengthens the infrastructure on which the Stablecoin FX Layer can continue to build. Read Spark’s full breakdown ↓
đź”’ Sky Protocol Expands Security with Sherlock AI-Powered Reviews
Sky Ecosystem released its July 2026 financial update, highlighting two major developments: **Security Enhancement** - Sky Protocol partnered with Sherlock for AI-powered security reviews - Every module and contract across the ecosystem now covered - Strengthens vulnerability identification and response **Capital Access Expansion** - Morpho integrations now live - Broadens access to Fixed Yield positions - Enhanced Sky Savings Rate accessibility for capital allocators The update follows Sky Protocol's fifth consecutive profitable quarter in Q2 2026.
Grove Basin Completes First Onchain Transaction for Tokenized Assets
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Sky Adjusts Savings Rate to 3.52% and Narrows Base Rate Spread
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Sky Protocol Posts Fifth Straight Profitable Quarter with $107M Revenue
Sky Protocol reported Q2 2026 results showing continued profitability for the fifth consecutive quarter. **Key Financial Metrics:** - Gross Protocol Revenue: $107.35M - Net Protocol Surplus: $33.29M The results follow Sky's record-breaking Q1 2026 performance, indicating sustained growth momentum across the protocol and its ecosystem. Full quarterly breakdown available in the official report.