Key facts
- Sky launched a fixed-yield product called Fixed Yield.
- The product uses Pendle's yield-tokenization infrastructure.
- Depositors can lock in a set return to a named maturity date.
- The product is built around the $11 billion USDS stablecoin.
Sky, the protocol formerly known as MakerDAO and the entity behind the USDS stablecoin, has introduced a new financial product named Fixed Yield. This product, launched on Wednesday, leverages Pendle's yield-tokenization infrastructure to offer depositors a way to secure a fixed rate of return until a specified maturity date. The initiative aims to tap into a $6 billion sUSDS pool, providing a structured investment opportunity within the decentralized finance ecosystem.