Stablecoin Yield Protocol Osero Completes $13.5 Million Funding Round, Led by Sky Ecosystem

BlockBeats News, May 12th, Stablecoin yield infrastructure project Osero, incubated by Sky Ecosystem (formerly MakerDAO), announced the completion of a $13.5 million funding round. This round was led by Sky Ecosystem, with stablecoin Layer1 project Plasma as a co-lead investor. Other participants in the investment include RedStone, Kairos Research, as well as individuals such as Joe Flanagan and Lorenzo Romagnoli.

According to reports, this funding round was conducted in the form of a SAFT (Simple Agreement for Future Tokens), but the valuation has not been disclosed.

Osero, incubated by Stablewatch, aims to drive adoption of the Sky ecosystem's stablecoin USDS (formerly DAI) and the yield-bearing stablecoin sUSDS, and help users directly access the Sky Savings Rate (SSR) reward system.

Osero is developing three core products:

· Osero App: a stablecoin yield gateway for retail and institutional users;

· Osero Earn: providing stablecoin yield infrastructure for wallets, exchanges, digital banks, and other platforms;

· Osero Foundry: assisting asset management institutions and fund issuers in on-chain asset tokenization and liquidity deployment.

Among these, Osero Earn allows platforms to offer yield services to users without managing stablecoin strategies themselves, with the risk exposure being borne by Osero and Sky ecosystem risk capital.

Notably, $10 million of the funding in this round will be specifically allocated as a risk reserve to cover potential losses. The project team stated that its risk framework is based on the Basel III banking regulatory standards.