Sky Lending
Overview
TVL
$5.80B
Up 10% over 90 days
Live since
2019
Staked governance tokens$803.7M· not in TVL
TVL, last 90 days
Low
Full data
Security
AuditsAudited by Trail of Bits, Cantina, ChainSecurity and 5 others, July 2026Audit page 1Audit page 2
Contract statusAll contracts verified, upgradeablesUSDS 0xa393…7fbDUSDS 0xdC03…384F
Upgrades controlled byOn-chain governance, behind a timelock0xbE28…38f3
MultisigNone — changes are decided by an on-chain vote
Timelock2 days before changes take effect
Track record
Through market stressCame through all 6Black Thursday (Mar 2020) — kept 97% of its depositsUST/Luna collapse (May 2022) — kept 66% of its depositsFTX collapse (Nov 2022) — kept 84% of its depositsUSDC depeg (Mar 2023) — deposits grew 1%August 2024 crash — deposits grew 13%October 2025 liquidation cascade — deposits grew 18%
Exploit historyNone recorded