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Benefit from Sky.money’s DeFi opportunities, using Kiln’s infrastructure
Sky
What is Sky?
The Sky Protocol is a decentralized platform centered around the USDS stablecoin, governed by the Sky ecosystem. It includes features such as Sky tokens (USDS, SKY, DAI, MKR), the Sky Savings Rate, Sky Token Rewards, and upcoming additions like Activation Token Rewards and SkyLink
The Sky Protocol, launched in 2024 as an evolution of Maker, introduced key upgrades like the USDS stablecoin (an upgrade to DAI) for secure rewards, alongside tools such as the DeFi front end Sky.money, a non-custodial gateway to the Sky ecosystem. These innovations streamline access to decentralized finance while maintaining user control.
Why bring DeFi to your users?
After staking, DeFi is the next source of digital asset rewards. Stablecoins are a $170 billion market and growing, but less than 4% of stablecoins natively earn interest for holders. In comparison, over 50% of PoS and dPoS assets are staked.
Kiln DeFi is the tech stack that enables integrators to seamlessly support and monetize DeFi in any Web3 product.
DeFi is the next step in your crypto earn offering after supporting staking. Diversify your rewards opportunities and benefit from service fees on your users’ stablecoin rewards.
Kiln DeFi is:
- 1100% onchain
- 2Seamless
- 3Control your own pricing model
How can you offer Sky rewards with Kiln DeFi?
💡 You can start monetising Sky’s opportunities in less than a week with Kiln DeFi.
- Deploy your custom Kiln DeFi vaults
- Integrate into your UI quickly—often in less than a week (see docs)
- Your users start earning supply rewards
Reach out to us if you need help to integrate Kiln DeFi.
How can you offer Sky rewards with Kiln DeFi?
In the context of Decentralized Finance (DeFi), “rewards” refers to the earnings that a user receives from supplying or lending their assets to a DeFi protocol such as Sky.
Unlike lending protocols, the Sky Savings Rate (SSR), set by decentralized governance, allows users to supply USDS which accrue value. The protocol dynamically adds USDS to the pool based on the SSR, increasing the value over time. Users can redeem anytime for their original USDS plus accumulated rewards, all within a non-custodial framework.
From 2.5% APY in a bear market to 22%+ during peak market activity, DeFi rewards like Sky’s can drive a significant additional source of rewards for customers.
Why should you use Kiln DeFi to offer Sky rewards?
Kiln is the leading enterprise-grade staking platform, enabling institutional customers to earn rewards on their digital assets or integrate our tech stack into their products. The API-first platform supports fully automated rewards, data, and commission management.
With Kiln DeFi, our clients seamlessly access a wide range of protocols like Sky and assets without having to build commercial agreements and integrating different deposit/withdrawal flows for each DeFi protocol.
Gain control with comprehensive reporting and monitoring of your Sky DeFi positions, rewards, and audited smart contracts.
Protocol card
Supported assets
USDS
Supported EVMs
Ethereum, Base
APR
12.5%
TVL
$1B+
Sky FAQ
What is Sky?
Sky is a decentralized finance (DeFi) platform, created by the MakerDAO community. It allows users to deposit USDS to receive rewards.
What stablecoins or tokens are supported on Sky with Kiln DeFi?
Kiln DeFi supports USDS.
What are the rewards associated with Sky and Kiln DeFi?
Reward rate is set by Maker Governance and is subject to change. Check on Sky for the latest rates.
Is there a minimum amount of assets to lend on Sky?
You can supply any amount you wish, with no minimum or maximum limits. However, it's important to note that for very low amounts, the transaction costs may exceed the expected earnings.
Do the end users of the integrator maintain custody of their assets when lending on Sky?
No, supplying on Sky means you will deposit your assets into their smart contract but only you have the right to withdraw your assets
Is there a lockup period when lending assets on Sky?
No, you can withdraw your assets at any time. There are no liquidity limitations like those in other lending protocols.
How do I get started with Kiln DeFi?
To get started with Kiln DeFi, contact your account manager if applicable, or complete our form to initiate the onboarding process and access our suite of solutions.