Sky, formerly MakerDAO, has introduced stUSDS, the first venture capital token in its ecosystem, designed to increase returns on decentralized finance (DeFi) for sophisticated investors.
stUSDS debuts as Sky’s first venture capital token for high-stakes yield hunters
The new token represents Sky’s most ambitious move yet, offering high-yield opportunities in exchange for greater exposure to systemic risk. Available on Sky.money and Spark.fi, StUSDS extracts returns from the stability fees paid by borrowers using Sky’s Staking Engine, directly rewarding those who support the system’s liquidity and governance functions.
“Sky ensures maximum effectiveness and efficiency in capital formation,” said Rune Christensen, co-founder of Sky. “Backed by the growing momentum of the ecosystem, we are forging a new path to value creation with stUSDS, attracting users motivated by accessing the best possible return on their investment.”
Sky, the decentralized stablecoin pioneer spun out of MakerDAO, continues to dominate DeFi with its USDS token – an enhanced version of DAI – which has surpassed 7 billion in supply on major blockchains such as Ethereum, Solana and Arbitrum, marking a 29% year-over-year increase.
In addition to stUSDS, Sky optimizes capital deployment through its Stars network: autonomous, decentralized projects such as Spark, Grove and Keel. Spark’s lending protocol, Sparklend, now has a total value of over $11 billion, while Grove recently launched a $1 billion institutional-grade lending initiative. Meanwhile, Keel is pumping up to $2.5 billion into the Solana ecosystem, expanding Sky’s influence in onchain finance.
Christensen added that stUSDS reflects nearly a decade of progress since MakerDAO’s founding. “Our expansion proves that DeFi is capable of delivering higher returns and moving capital more efficiently than legacy systems. With stUSDS, we are building value with top performance, security and scale,” he said.
While the launch marks an important milestone, Sky warned that some services, including Sky Token Rewards and the Sky Savings Rate, remain unavailable in certain jurisdictions such as the US, according to the terms of use.
Frequently asked questions 🧭
- What is stUSDS?stUSDS is Sky’s new venture capital token, designed for advanced defi users looking for higher returns in exchange for greater exposure to systemic risk.
- Where can users access stUSDS?The token is available on Sky.money and Spark.fi, Sky’s ecosystem platforms.
- Who is the stUSDS token for?It targets institutional investors, automated government bonds, fund managers and experienced defi users.
- Is stUSDS available to US users?Certain features, including token rewards, may be limited to users in the United States under Sky’s terms of use.
