Jun 4
Sky Launches Fixed-Rate Yield Product Built on Pendle, Targeting $6B sUSDS Pool
➤ Sky has launched a new fixed-yield product built on Pendle Protocol, offering depositors of its sUSDS stablecoin a locked-in annual percentage yield (APY) of 3.62%. ➤ This product, called Fixed Yield, utilizes Pendle's yield-tokenization infrastructure to split yield-bearing tokens into principal and yield components, allowing users to lock in a rate until a specified maturity date. ➤ The initiative aims to provide rate-sensitive depositors with a stable alternative to the variable Sky Savings Rate (SSR), which has been declining, and leverages Pendle's technology within Sky's own product interface.