sky.money - Curator on Morpho
With the launch of the stUSDS / USDS market and USDS Risk Capital vault on Morpho, Sky.money, the gateway to Sky, one of the largest DeFi projects, and its main product USDS, the largest yield-generating stablecoin, is introducing itself as a curator focused on expanding the utility, demand, and composability of USDS-denominated capital.
Background
Sky is building the next generation of on-chain financial infrastructure around USDS, with a focus on scalable, risk-aware capital deployment.
As part of the sky.money growth initiative, sky.money is launching a series of Morpho vaults and downstream markets designed to support productive use cases for USDS while maintaining disciplined risk controls.
The first deployment includes a USDS curator vault allocating exclusively to a stUSDS / USDS Morpho market, enabling both capital efficiency and native yield for USDS holders.
sky.money Curated Vaults
sky.money USDS Risk Capital Vault
This vault accepts USDS deposits and deploys them exclusively into the stUSDS / USDS Morpho market.
Allocations are curator-managed, with no fees and no global cap at launch, and are designed to support early-stage growth and integration incentives while preserving conservative risk parameters.
Vault yield is driven by market utilization and borrowing demand, with additional rewards distributed during the initial launch phase via Merkl.
stUSDS / USDS Market
The stUSDS / USDS market allows users to:
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Deposit stUSDS as collateral
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Borrow USDS against it under a conservative initial LLTV
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Enable looping strategies that increase demand for stUSDS and deepen USDS liquidity
The market uses Morpho’s adaptive interest rate model and is seeded to ensure healthy utilization at launch.
Rewards & Incentives
At launch, Sky is providing USDS incentives to bootstrap liquidity and reward early participants.
Incentives are distributed weekly, starting as a subsidy and transitioning over time into a sustainable integration-boost program aligned with real usage and capital efficiency.
Earn with Sky
If you are looking to earn yield on USDS or explore capital-efficient strategies using stUSDS, Sky’s curated vaults and markets on Morpho provide a transparent, risk-managed entry point.