The Rollup MakerDAO Founder: We Built A $300M+ Onchain Business
Jun 12, 2025
Rune Christensen, co-founder of Sky Ecosystem and former MakerDAO leader, dives into the transformation of DeFi. He shares insights on generating substantial revenue, with Sky's impressive $99M in Q1. The conversation also covers the remarkable growth of the USDS stablecoin, now at $8 billion in circulation. Rune discusses Sky's innovative staking options that provide real yield, and how community-driven frameworks boost USDS accessibility, setting the stage for a prosperous future in decentralized finance.
AI Snips
Chapters
Transcript
Episode notes
USDS Targets Mercenary Capital
- USDS targets hyper-rational mercenary capital seeking best risk-adjusted returns for short-term holdings.
- Optimizing for the pickiest users ensures the best product for all, including retail crypto users.
Sky Stars Compete To Optimize Rates
- Multiple Sky stars compete to find the best risk adjusted returns to deploy USDS collateral efficiently.
- The rate setter adjusts user rates automatically to reflect real market risk and returns dynamically.
Spark Star Innovates Safely
- Spark, a Sky star, safely deploys USDS collateral into various DeFi protocols generating profits.
- Sky balances strong security frameworks with innovation by allowing stars to operate within risk limits.