Osero, an infrastructure project for stablecoin yield, created with the participation of Stablewatch and Soter Labs, has raised $13.5 million in a round led by Sky Ecosystem. The co-leader was Plasma.
The round also included angel investors associated with USDT0, Maple, Accountable, Four Pillars, RedStone, The Rollup, and Kairos Research, according to the project’s statement.
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The stablecoin market already exceeds $300 billion, according to DeFiLlama. At the same time, the yield from the assets backing these stablecoins mostly remains with issuers like Circle and Tether. Token holders, as a rule, do not receive direct income, and fintech companies find it difficult to offer savings products without managing assets themselves.
Osero is launching three products: Osero Earn, Osero App and Osero Foundry.
Osero Earn allows wallets, neobanks, custodians, and exchanges to integrate Sky Savings Rate directly into their interfaces. According to the company, integration takes about 10 lines of code. Funds are directed to the Sky Savings Rate, and Osero handles management, routing, and risk infrastructure.
Osero App gives users direct access to the rate across different networks. Osero Foundry is designed for asset managers and issuers of structured products and allows yield instruments to be brought on-chain.
Foundry will also offer up to $2.5 billion in liquidity limits for funding, swaps, and credit operations. Each placement will undergo a risk check based on a model inspired by Basel III, the company said.
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The raised $13.5 million will go toward forming capital for the first placements through Foundry and launching pilot programs under the Sky Protocol risk model.
Sky (formerly MakerDAO) is actively expanding the ecosystem around USDS and sUSDS. Last year, the project received a B— rating from S&P, the first such credit rating for a DeFi protocol.
Initiatives associated with Sky are also developing the yield RWA product segment. For example, Obex announced in March the allocation of $1 billion to credit, energy, and AI assets to expand stablecoin yield.
Plasma, the co-leader of the round, is developing a blockchain focused on stablecoins. Its token sale last year raised $373 million, far exceeding expectations.
