Stablecoin yield project Osero raises $13.5 million, led by Sky Ecosystem.

PANews reported on May 12th that Osero, a stablecoin yield infrastructure project, has completed a $13.5 million funding round led by Sky Ecosystem (formerly MakerDAO), with participation from Plasma. The entire funding round was structured in the form of a future token protocol (SAFT), and the valuation was not disclosed. Osero, incubated by Stablewatch, a stablecoin yield data and risk control platform, focuses on providing savings infrastructure for Sky's stablecoins USDS (formerly DAI) and sUSDS. It provides access to Sky Savings Rate for individuals and institutions through the Osero App and Osero Earn, and integrates with wallets, banks, and exchanges. The company has allocated $10 million as a risk reserve to buffer potential losses, and related deployments will adhere to Sky's risk assessment framework based on Basel III.

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