"Vaults Report Episode 2 - Sky's Expansion, USDG Yields, Aave Vs. Competition, and New Chains Vaults!"

The new show with Tyler from vaultsfyi and DAdvisoor!

Livestream starting in a few minutes!

"Vaults Report" Episode 2 is a DeFi-focused livestream series from Leviathan News featuring Tyler from analytics site vaults.fyi and DeFi researcher DAdvisoor, covering current trends in yield‑bearing vaults across major protocols and new chains. In this episode, they analyze Sky’s recent growth as a major stablecoin yield provider, unusual yield opportunities such as Paxos’s USDG on Aave, shifting liquidity away from Aave toward higher‑yield competitors, and the early “TVL land grab” on emerging L1/L2s. The show highlights Sky’s aggressive expansion, noting that the sUSDS yield-bearing stablecoin grew from about $4.4 billion to $6.1 billion TVL in 30 days (roughly +39%), and that Sky has become one of the largest curators on Morpho (referred to as “Sky Money”) with more than $250 million across five vaults targeting yields in the 5–8% range. This positions Sky as a key player in the staked stablecoin segment, where wrappers like sUSDS automatically compound yield for depositors while maintaining stablecoin-like usability. The discussion frames this as part of a broader shift toward yield-bearing stablecoins and managed vaults as the main interface for onchain dollar returns. A second focus is USDG, a regulated U.S. dollar stablecoin issued by Paxos, which at the time of recording was yielding around 7.9–8.4% APY on Aave with roughly $50 million in TVL, compared with ~1.8% on more established stablecoins such as USDC and USDT in the same market. The hosts explore why such a yield outlier exists given “the same regulatory pedigree,” and whether this will drive a rotation away from Aave’s traditional markets towards higher‑yielding alternatives or new assets. They also review recent Aave data showing a roughly $2.7 billion TVL outflow over 30 days, including major withdrawals in WETH, USDT, and USDC, and contrast Aave’s position with rising competitors and new “vault-first” DeFi designs. Finally, the episode touches on new chain vaults, noting how chains like Monad and Plasma have quickly attracted hundreds of millions to billions in TVL for yield products as part of an ongoing “new chain wars” for liquidity.

✨ AI-generated background, compiled from web sources — not editorial content.

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• USDC
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