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S&P Assigns First-Ever Credit Rating to a DeFi Protocol, Rates Sky at B-

S&P Assigns First-Ever Credit Rating to a DeFi Protocol, Rates Sky at B-

S&P Global Ratings assigned Sky Protocol a B- rating with a stable outlook, marking the first time a credit rating company has assessed a DeFi prot...
Sky's Grove Expands to Avalanche With $250M RWA Plan, Partnering With Centrifuge, Janus

Sky's Grove Expands to Avalanche With $250M RWA Plan, Partnering With Centrifuge, Janus

The expansion brings tokenized versions of credit and U.S. Treasury funds to Avalanche as part of the network's institutional finance push.
Top US-Based Crypto Exchange by Trading Volume Coinbase Adds Support for DeFi Tokens SKY and USDS

Top US-Based Crypto Exchange by Trading Volume Coinbase Adds Support for DeFi Tokens SKY and USDS

Two decentralized finance (DeFi) altcoins have abruptly gained support from the top US-based crypto exchange platform Coinbase. In a new announceme...
Newest 'Star' in Sky Ecosystem Launches With $1B Tokenized Credit Strategy

Newest 'Star' in Sky Ecosystem Launches With $1B Tokenized Credit Strategy

Grove will receive a $1 billion allocation from DeFi lending giant Sky to invest in tokenized collateralized loan obligations.
DeFi Savings Protocol Sky Slumps to $5M Loss as USDS Interest Payments Wipe Out Profit

DeFi Savings Protocol Sky Slumps to $5M Loss as USDS Interest Payments Wipe Out Profit

The first-quarter loss is a stark turnaround from the previous quarter, when Sky registered a $31 million profit.