Sky Lending
$5.66B +0.9%24hValue locked
- Value locked
- $5.66B
- 7 days
- +0.3%
- 30 days
- −0.3%
- Fees per day
- $952.0K7-day average
- Fees / value locked
- 6.1%annualised
- Chains
- 1
- SKY price
- $0.07273−0.2% 24h
- Token market cap
- $1.70B
About Sky Lending
The USDS stablecoin powers the open Sky ecosystem. It is the upgraded version of DAI, providing new ways for you to have more rewarding crypto experiences.
As of 23 Oct 2026, Sky Lending holds $5.66B in value locked on Ethereum, which ranks it #3 in DeFi by value locked. Thirty days ago it ranked about #13. It is the largest of 29 CDPs, with 73% of the sector's value locked; USDD follows with $1.25B. Its value locked is up 0.3% over seven days and down 0.3% over 30 days. Users paid an average of $952.0K a day in fees over the last seven days; a year at that pace would equal 6.1% of its value locked, against a sector median of 1.9%. The SKY token, shared by the 3 Sky Lending products we track, is valued at $1.70B, 29% of their combined $5.85B in value locked.
Value locked by chain
Largest CDPs
Full sector| # | Protocol | Chains | Value locked | 7d | Fees/day |
|---|---|---|---|---|---|
| 1 | Sky Lending | Ethereum | $5.66B | +0.3% | $952.0K |
| 2 |  USDD | Tron, BNB Chain +1 | $1.25B | +0.6% | $6.43K |
| 3 |  Liquity V1 | Ethereum | $171.6M | −1.4% | $58 |
| 4 |  crvUSD | Ethereum | $138.9M | +2.8% | $6.45K |
| 5 |  Liquity V2 | Ethereum | $95.45M | −0.1% | $6.45K |
| 6 |  Lista CDP | BNB Chain | $76.68M | −6.1% | $16.60K |
| 7 |  Reservoir Protocol | Monad, Pharos +5 | $68.85M | −1.1% | $17.92K |
| 8 |  Frankencoin | Ethereum | $60.02M | −1.0% | $3.00K |
