Lookonchain APP

App Store

Sky Protocol has become the first stablecoin protocol to receive a rating from Moody’s, managing approximately $10 billion in assets while holding just $90 million in equity.

60 minutes ago

Decentralized finance (DeFi) protocol Sky Protocol has been assigned a B3 long-term counterparty risk rating by credit rating agency Moody’s, with a stable outlook. This marks Moody’s first ever rating of a stablecoin protocol. As of September, Sky Protocol held roughly $90 million in tangible common equity, corresponding to approximately $100 billion in tangible assets under management. Moody’s labeled its capital position a “major credit weakness”. Formerly known as MakerDAO, Sky Protocol manages the USDS and DAI stablecoins, both pegged to the U.S. dollar. Moody’s noted that around 45% to 50% of Sky Protocol’s assets consist of stablecoins and tokenized money market funds, with an additional ~25% being crypto-collateralized loans. Its rating is also constrained by risks related to low capital adequacy, confidence-sensitive stablecoin liabilities, and its DAO structure. (Bitcoin.com News)

Relevant content

Upbit to List PONS

Upbit will list PONS on its KRW, Bitcoin, and USDT trading pair markets.

7 minutes ago

PONS surged over 12% in a short period before pulling back, with its current market cap standing at $281.3 million.

According to HTX market data, PONS surged more than 12% in a short period before pulling back, likely driven by news that Upbit will list PONS in its KRW, BTC, and USDT trading pairs. The token is currently trading at $0.4212, with a market cap of approximately $281.3 million. Earlier, on October 7, Coinbase announced the launch of spot trading for Pons (PONS).

7 minutes ago

Ethereum OG pinosaur.eth unstakes 9,618 $ETH ($24.58M), deposits to Kraken after 9-year hold

Ethereum OG pinosaur.eth, who bought ETH at a cost as low as $50, unstaked all 9,618 $ETH ($24.58M) and deposited it into #Kraken 8 hours ago. pinosaur.eth originally bought 7,459 $ETH at $50 9 years ago, spending $373K at the time, now worth $19.26M.

7 minutes ago

Metis launches the Rise Monthly Developer Incentive Program, rewarding teams that deploy AI Agents on its Andromeda mainnet.

Metis has announced the launch of the Metis Rise monthly developer incentive program, rewarding teams that deploy new AI Agents on the Metis Andromeda mainnet, acquire real users, and generate genuine on-chain economic activity. Metis noted that while many teams can build Agents capable of answering queries, very few have achieved paid adoption, verifiable identity, and sustained transactional trust. The Metis Rise program aims to support developers in exploring this space, fostering innovation, and driving the growth of AI Agent applications within the Metis ecosystem. Metis also shared that it is building an execution and data layer tailored for AI Agents, and Andromeda’s Decentralized Sequencer (DSeq) eliminates single points of failure in trustless exchange dependencies between Agents. The program focuses on AI Agents’ "economic usability," addressing four key needs: payments (x402), identity (ERC-8004), stablecoin escrow, and independently verifiable on-chain signature receipts. For eligibility, developers must meet the following monthly requirements: - No fewer than 15 monthly active users (MAUs) - Each counted user must complete at least 3 qualifying transactions on Metis Andromeda, or have a settlement value of no less than $2 (in m.USDC, m.USDT, or METIS) - Core user transactions, settlement volumes, and gas fees must occur on the Metis Andromeda mainnet The program is open to all developers, but limited to projects newly deployed on the Andromeda mainnet. It supports any AI Agent framework and hosting method, including ClawUp, GOAT AgentKit, or custom-built backends, and is compatible with GOAT Network’s dual-chain architecture. Metis Rise is hosted by Metis, with ClawUp, GOAT Network, and LazAI as ecosystem partners.

7 minutes ago

Bithumb will list CASHCAT and AIA KRW trading pairs

According to official announcements, Bithumb will list AIA and CASHCAT trading pairs against the South Korean won (KRW). The trading is scheduled to open at 2 PM and 3 PM local time today.

7 minutes ago

NEAR sees $12.7 million in new large orders today, with a bullish whale planning to take profits.

According to TradingBeats, NEAR is trading at approximately $5.333, up around 7.96% in the past 24 hours. Two whales hold a combined ~$5.764 million in NEAR long positions on Hyperliquid, with unrealized profits of ~$70,000. Both placed large orders today: For the $5.487–$5.987 range, one long trader submitted 99 "reduce-only" sell orders this morning totaling ~$4.459 million, covering ~98% of their current position. The account holds ~791,600 NEAR long tokens worth ~$4.222 million, with an average entry price of $5.29984 and unrealized profits of ~$27,000. Its first take-profit level at $5.4876 is ~2.9% above the current price, meaning its exit plan will trigger soon if the uptrend continues (0x590f). Additionally, for the $5.108–$5.18 range, an address added 15 buy orders this morning totaling ~$8.324 million, planning to add more long positions after NEAR drops ~2.9% to 4.2% from current levels. The account holds ~289,100 NEAR long tokens worth ~$1.542 million, with an average entry price of $5.18547 and unrealized profits of ~$43,000. Its pending buy amount is ~5.6 times its existing position (0x152e).

7 minutes ago

Popular tokens

BitcoinEthereumHyperliquidSolanaTRONBNBTetherAaveXRPPepeFartcoinOndoJupiterUniswapBonkPendleEthenaArbitrumAvalancheLidoChainlinkPolygonDogecoinCardano