Top USDS Reward Opportunities on Ethereum - August 2025
Top USDS Reward Opportunities on Ethereum - August 2025
💰 Ethereum Yields Just Peaked
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
Top USDS Pools and Rewards Update
**Latest USDS Pool Rankings on Ethereum**: - Aave V3: ~80M USDS - IMF on MorphoLabs: ~56M USDS - sUSDS/USDT on CurveFinance: ~51M USDS - Spark on MorphoLabs: ~50M USDS - Yearn: ~46M USDS **Current Reward Rates on Ethereum**: - Yearn USDS Vault: ~19% - Yearn Sky Rewards: ~8.9% - Beefy Moo Sky USDS: ~8.7% - Compound USDS: ~7.6% *Data sources: DefiLlama & vaults.fyi* Check current rates at [vaults.fyi](https://analytics.vaults.fyi/vaults?selectedTokens=USDS)
Sky Protocol Buyback Update: 1.12B SKY Tokens Purchased
The Sky Protocol continues its systematic buyback program, using 1.4 million USDS to purchase 16.9 million SKY tokens last week. The total buyback has now reached **1.12 billion SKY tokens** since the program's inception. The protocol maintains strong performance with: - Over $100M in estimated annual revenue - Average daily buybacks of $250K - Total buyback value of approximately $80M The buyback mechanism operates through decentralized parameters defined in the Sky Atlas and approved by Sky Ecosystem Governance. For more details: [Sky Atlas Documentation](https://sky-atlas.powerhouse.io/A.3.6_Surplus_Buffer_and_Smart_Burn_Engine/c58d38dc-4b17-4c0a-a1df-546a06612c54)
Sky Money App Launches One-Click Bundled Transactions
Sky Money App has implemented bundled transactions using the EIP-7702 standard, allowing users to combine multiple actions into a single transaction. - **Key Features**: - Multiple actions (approve, supply, save) in one click - No separate approval steps needed - Enabled by default - Based on open EIP-7702 standard The feature requires Smart Account activation on first use. Users can disable bundling via an in-app toggle. This update significantly improves UX by reducing transaction steps and associated costs.
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 - Liquidity buffers in USDC and tokenized money market funds - Track record of minimal loan losses - Governance and regulatory risk profile Path to investment-grade rating requires: - Decentralizing key functions - Reducing individual dependencies - Expanding token holder participation - Dynamic surplus reserve adjustment - Prevention of excessive depositor concentration [Full report](https://www.spglobal.com/ratings/en/regulatory/article/-/view/type/HTML/id/3421145)
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)