SP-BEAM: New Core Tech for Sky Governance
SP-BEAM: New Core Tech for Sky Governance
🔐 Governance Just Got Safer
SP-BEAM, developed by @dewiz_xyz, introduces a groundbreaking core technology for the Sky ecosystem. The system enables controlled and bounded access for stability parameter modifications, enhancing governance security and efficiency.
The community is currently evaluating the Sky Core Simplification Process proposal, aimed at streamlining operations and boosting Star growth.
Key features:
- Rapid parameter modifications
- Enhanced security controls
- Bounded access mechanisms
Learn more about the proposal at Sky Forum
USDS Expands on Solana with $50M Supply and $4M in Rewards
USDS has established a significant presence on Solana with over 50 million in supply. The Sky Ecosystem Governance has distributed more than 4 million USDS in rewards across various Solana protocols over the past 26 weeks. Key updates: - USDS is now Solana's DeFi stablecoin - Rewards distributed based on USDS utilization - Multiple protocols offering competitive yields - Available on major Solana platforms including Jupiter, Marginfi, and Kamino *Note: DeFi protocols mentioned are independent third-party applications not affiliated with Sky Protocol. Users should exercise due diligence.* For detailed information: [Sky Atlas](https://sky-atlas.powerhouse.io/A.2.3.8.3.1.3.1_Pre_Pioneer_Incentive_Pool/226f2ff0-8d73-80d4-91e5-ea4171470c7d|9e1ff936eafda7668ed992a6)
S&P Global Ratings Issues First-Ever Stablecoin Credit Rating to Sky Protocol
S&P Global Ratings has made history by issuing its first stablecoin system credit rating to Sky Protocol, assigning it a **B- rating with stable outlook**. Key assessment points: - Credit risk of USDS/sUSDS liabilities - USDC and money market fund liquidity buffers - Track record of minimal loan losses - Governance and regulatory risk profile Path to investment-grade rating requires: - Decentralization of key functions - Dynamic surplus reserve adjustment - Prevention of excessive depositor concentration [Full report](https://www.spglobal.com/ratings/en/regulatory/article/-/view/type/HTML/id/3421145) [S&P Stablecoin Evaluation Framework](https://www.spglobal.com/ratings/en/regulatory/article/credit-faq-how-we-assess-stablecoins-and-why-it-matters-s13004288)
Sky Ecosystem July 2025 Growth Report
Sky Ecosystem reports significant growth in July 2025: - TVL increased 66% from $900M to $1.5B - USDS supply grew 8.2% to $7.5B - SKY staking reached $800M with 15% annual rewards - Protocol revenue hit 2025 high of $230M - Treasury peaked at $1.21B - SKY buybacks exceeded 3% of total supply - MKR to SKY upgrade passed 56% completion Key driver: SPK rewards program attracted major inflows, with USDS supplied growing from 400M to 1.3B. View real-time metrics at [Sky Analytics Dashboard](http://info.sky.money)
Top USDS Reward Opportunities on Ethereum - August 2025
Current USDS yield opportunities on Ethereum show promising returns: - Yearn Finance USDS Vault leads with ~19% APY - Yearn Finance Sky Rewards offering ~8.9% - Beefy Finance Moo Sky USDS at ~8.7% - Compound Finance USDS providing ~7.6% These rates have remained stable since early August. For comparison, July rates across different chains ranged from 4.5% to 11.4%. Check current rates across all chains at [Vaults.fyi](https://analytics.vaults.fyi/vaults?selectedTokens=USDS)