The Wire
USDSasset
Skyissuer
Watch· Yield
Sky (ex-MakerDAO) raises DSR to 8.0%, draws deposits from competing vaults
Sky lifted its savings rate to 8.0%. No limits tripped, but a TVL-rotation watch flagged two USDS-adjacent vaults that may see outflows.
USDSasset1Affected vaults
$5.40MTotal exposed
4.4/10Significance
01
Affected positions
Direct(1)
Vaults holding the affected asset directly.
Steakhouse USDS
morphoEthereum
$5.40M
Steakhouse USDSmorphoUSDS
morphoUSDS02
Exposure path
Each affected position shows its full route above — direct holdings resolve in one hop; wrapper exposure is expanded to the underlying (e.g. sUSDe → USDe).
03
Severity & reason
Watchsignificance 4.4/10
Watch heuristic: a related yield venue moved > 150bps; no scored dimension changed (rule: yield-rotation-watch).
04
Suggested action
Monitor.
05