Under Sky’s year-end projection of $20.6B in USDS supply, the protocol’s balance sheet would scale meaningfully even under conservative NIM assumptions.
Applying a lower-end 0.8% NIM across the total asset base would translate to an annualized NII run rate of approximately $165M, while Sky’s current 1.3% NIM would imply a run rate of roughly $268M
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Sky’s loans receivable from Prime Agents are approaching $8B.
As of today, debt outstanding stands at:
- @sparkdotfi: $4.22B, 53%
- @grovedotfinance: $3.14B, 39%
- @obexincubator: $610M, 8%
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