Sky Offers 4.85% Yield for Hyperliquid’s USDH Stablecoin, with $25M Investment to Drive DeFi Growth

Crypto platform Sky has proposed a unique solution to boost Hyperliquid’s native stablecoin, USDH. The proposal offers holders of USDH a 4.85% yield on their holdings and includes a $25 million commitment for expanding the DeFi ecosystem within the Hyperliquid network. This move signals Sky’s confidence in Hyperliquid’s long-term potential while aiming to integrate USDH into a thriving DeFi economy. The proposal also incorporates GENIUS Act compliance options to ensure legal and compliant operation in global markets, further enabling institutional participation.