Stablecoin protocol sky declines by 15% within a week, TVL; USDS supply shrinks
2026-11-08 08:38:29
According to CoinMeta, within the week ending November 7th, the total locked-up value of the stablecoin protocol sky decreased from $5.2 billion to $4.42 billion, representing a decline of about 15%. During the same period, the circulating supply of USDS fell from $6.45 billion to $5.59 billion, with a decrease of approximately 13.4%, and the circulating supply of DAI also dropped from $4.72 billion to $4.67 billion. Sky was formerly known as MakerDAO, and users can convert between USDS and DAI at a 1:1 ratio. Sky.money shows that the annualized yield on sUSDS deposited in the savings module is 3.80%. This savings rate is set through governance voting, and the funds come from the protocol's surplus. Measured by the market value of assets, this decrease does not directly equate to net withdrawals.
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Source:Internet
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