Stablecoin yield infrastructure project Osero raised $13.5 million in a funding round led by the Sky Ecosystem to build new products for distributing yield generated from stablecoin reserves. The round, co-led by stablecoin-focused blockchain developer Plasma, aims to address the disconnect where holders of the $300 billion-plus in stablecoins rarely capture the returns from the assets backing them.
"The platforms that win the next five years are the ones that can offer their users a sustainable, transparent return on idle stablecoins without taking on asset management risk themselves," Piotr Saczuk, founder of Osero and its incubator Stablewatch, told The Block. "Osero is the infrastructure that makes that possible and Sky's balance sheet is what makes it credible."
The funding round, structured as a simple agreement for future tokens (SAFT), included participation from RedStone, The Rollup, and angel investors from Maple and USDT0, according to reports. Of the total raised, $10 million is designated to underwrite the first deployments under a risk framework inspired by Basel III banking regulations, creating a capital buffer to protect users and the Sky Protocol. The raise follows Sky's recent B- rating from S&P Global, a first for a DeFi protocol.
The capital will fuel the launch of three distinct products. Osero Earn will provide an embeddable API for wallets and fintech apps to offer the Sky Savings Rate with just a few lines of code. Osero App will give users direct access to the yield, while Osero Foundry will provide on-chain yield products for asset managers. This initiative by Osero, incubated by Stablewatch in partnership with Soter Labs, represents a significant push to expand the utility and adoption of Sky's USDS and sUSDS stablecoins by creating a distribution network for their native yield.
This article is for informational purposes only and does not constitute investment advice.
