Sky

Sky Agent Osero launched its app, a stablecoin savings account product open to everyone that lets users earn yield without navigating DeFi complexity. Sky congratulated the team on the launch as another Sky Agent product going live.

Sky Protocol moved staking rewards into Stage 2, transitioning from treasury-funded to protocol revenue-funded distribution. Each month's surplus is now allocated to 22.5% SKY buybacks for SKY staking rewards, 22.5% USDS staking rewards, 5% SKY buy & burn, and up to 50% to the Surplus Buffer. SKY stakers can choose rewards in SKY or USDS; the parameter changes are included in the ecosystem's Executive Vote.

Sky Agent Grove launched its governance system, including staking, giving the community a direct vote on protocol decisions. A follow-on Seeds Program rewards GROVE holders for active participation through delegation, strengthening the community's role in shaping the protocol's direction.

Grove Basin, a Sky Agent Grove product, completed its first onchain transaction: on July 28 a holder of JHI Advisors' JTRSY initiated a $111k redemption on Centrifuge and instantly received USDC in the same transaction, versus the fund's typical multi-day redemption process. Sky called it a milestone for moving tokenized assets toward instant onchain liquidity.

Sky Ecosystem joined Ethereum Institutional's supporter coalition, backing an initiative that aims to help institutions navigate Ethereum, connect with credible partners, and move from evaluation to deployment. Sky frames the move as a way to accelerate institutional adoption of the ecosystem.

Sky Governance proposed and then enacted a narrower Base Rate spread across the Sky Ecosystem, designed to support stronger economics and more efficient growth across the Sky Agent Network. The change took effect alongside an adjustment of the Sky Savings Rate to 3.52%, both aimed at strengthening Sky Protocol's long-term revenue base.

Sky Protocol expanded its security program with Sherlock, bringing every module and associated contract across the Sky Ecosystem into a new AI-powered security review. The move is meant to strengthen how vulnerabilities are identified as AI accelerates the pace of exploitation and the ecosystem grows.

Securitize, tokenization platform and Sky Agent, went public on the NYSE, with the team ringing the Closing Bell. Sky called it a major milestone for institutional-grade tokenization infrastructure and another sign of real-world finance moving onchain.

Spark, Uniswap, and the Sky Ecosystem brought the Stablecoin FX Layer live, connecting USDS to deep USDC liquidity through LitePSM. The integration is meant to provide the common onchain liquidity foundation the FX Layer can build on for cross-currency stablecoin movement.

Sky Ecosystem widened its Sky Ecosystem Rewards program by adding GROVE, the token of capital-deploying Sky Agent Grove, as a reward for users supplying USDS on Sky Money. The expansion is part of the broader July push from Sky to route more Sky Agent tokens to stablecoin suppliers.