Stablecoin yield protocol Osero completes $13.5 million funding round, led by Sky Ecosystem

Mars Finance News, on May 12, the stablecoin yield infrastructure project Osero, supported by the Sky Ecosystem (formerly MakerDAO), announced the completion of $13.5 million in funding. This round was led by Sky Ecosystem, with the stablecoin Layer 1 project Plasma also participating as a co-lead investor. Other investors include RedStone, Kairos Research, as well as Joe Flanagan, Lorenzo Romagnoli, and others.

According to reports, this round of financing was completed using the SAFT (Simple Agreement for Future Tokens) model, but the valuation has not been disclosed.

Osero was incubated by Stablewatch, with the core goal of promoting the adoption of Sky Ecosystem’s stablecoin USDS (formerly DAI) and the yield-bearing stablecoin sUSDS, as well as helping users directly access the Sky Savings Rate (SSR) yield system.

Osero is developing three core products:
· Osero App: A stablecoin yield entry point 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 with on-chain asset tokenization and liquidity deployment.

Among them, Osero Earn allows platforms to offer yield services to users without managing stablecoin strategies themselves, with risk exposure borne by Osero and Sky Ecosystem’s risk capital.

It is worth noting that the $10 million in this funding round will be used specifically as a risk reserve to cover potential losses. The project team stated that their risk framework references the banking regulatory standards of Basel III.