Sky TVL Falls 15% in a Week as USDS Supply Drops to $5.59 Billion

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Sky TVL Falls 15% in a Week as USDS Supply Drops to $5.59 Billion

According to ChainCatcher citing The Defiant, decentralized finance protocol Sky’s total value locked fell 15% in one week. Over the same period, the circulating supply of Sky-issued stablecoin USDS declined to $5.59 billion. Sky.money shows the governance-set savings rate at 3.8%.