The DeFi market entered an "interest rate winter" since September 2025, with deposit rates for major stablecoins declining sharply and supply-demand imbalances causing liquidity congestion. The rate decline reflects reduced capital demand and a lack of high-return opportunities. Stablecoin lending demand has dropped significantly, with market risk appetite shifting toward more stable investment channels. In response to this situation, the Sky protocol demonstrates competitiveness and adaptability by introducing real-world assets to enhance yields. The low interest rates during this phase can be viewed as an opportunity for DeFi market transformation.

Sky Protocol (formerly MakerDAO) has approved approximately 70 million USDS in Genesis Capital allocations to expand its Sky Agent Network, while simultaneously reducing its daily SKY token buyback program by 87% from $300,000 to $37,600 for three months to strengthen stablecoin reserves.

Sky Protocol (formerly MakerDAO) has approved approximately 70 million USDS allocation for Genesis Capital to support the launch of Sky Agent, an initiative aimed at establishing a network of independent capital allocators. Despite an 87% reduction in buybacks, USDS and DAI supply continue to demonstrate strong demand, reflecting sustained market confidence in the Sky ecosystem.

Status: No verified approval for 70 million USDS allocation No verified governance approval is documented for a “70 million USDS” allocation to the Sky Agent Network. Formal approvals in this ecosystem require a posted proposal, a recorded vote, and traceable on-chain disbursements, none of

Since September 2025, the DeFi market has entered a "interest rate winter," with the annualized deposit yields of mainstream stablecoins dropping to lows, and supply and demand imbalances causing excess liquidity. As borrowing demand declines, stablecoin lending rates have also decreased, and the reduced risk appetite in the crypto market has led investors to shift toward more stable assets. Some protocols, such as Sky, offer stable returns through real-world assets, but the overall trend still indicates a period of adjustment and structural reform in DeFi.

The DeFi market entered an "interest rate winter" since September 2025, with deposit rates for major stablecoins declining sharply and supply-demand imbalances causing liquidity congestion. The rate decline reflects reduced capital demand and a lack of high-return opportunities. Stablecoin lending demand has dropped significantly, with market risk appetite shifting toward more stable investment channels. In response to this situation, the Sky protocol demonstrates competitiveness and adaptability by introducing real-world assets to enhance yields. The low interest rates during this phase can be viewed as an opportunity for DeFi market transformation.

The DeFi market has entered an "interest rate winter," with mainstream stablecoin lending rates declining sharply due to supply-demand imbalance and liquidity surplus. Weakened arbitrage activities and decreased market risk appetite have led to a sharp drop in stablecoin borrowing demand. Meanwhile, the Sky protocol provides stable yields through real-world assets, becoming the "de facto floor" for on-chain yield rates. Overall, the current environment is prompting investors to reassess their risk strategies, and falling interest rates may become the foundation for DeFi's future recovery.

When cryptocurrencies dance with regulation, Monero still stubbornly defaults to privacy. The FCMP++ upgrade increases the anonymous set from 16 to 150 million and features forward secrecy, safeguarding historical privacy even in the face of quantum threats. (Background: Privacy coins surge! Silicon Valley investor Naval Ravikant's一句話 causes Zcash to soar 200% in ten days) (Additional context: Privacy coin $ZEC skyrocketed 6 times in one month. What is driving this frenzy?) Table of Contents Toggle BTC Two Clouds in the Sky Security Budget Issues The Threat of Quantum Computing XMR Facing Quantum Threats: A More Severe Challenge Than BTC FCMP++ In-Depth Analysis: Monero's Cryptographic Leap Not

SKY rose 10% after the network cut staking emissions and continued buybacks, tightening supply across the market. Sky expanded the USDS credit infrastructure as lower token issuance and steady buybacks supported bullish market momentum. SKY, the governance token of the DeFi protocol

SKY rose 10% after the network cut staking emissions and continued buybacks, tightening supply across the market. Sky expanded the USDS credit infrastructure as lower token issuance and steady buybacks supported bullish market momentum. SKY, the governance token of the DeFi protocol