Sky Protocol holds two large ETH positions near liquidation, protected by the Oracle Security Module’s one-hour delay.
USDS stablecoin from Sky surpasses rivals as multichain expansion and OpenOcean integration strengthen its ecosystem.
Sky Protocol—formerly known as MakerDAO—is in a bit of a nervous situation. Two of its massive Ethereum (ETH) positions are currently on the brink of liquidation. According to DefiLlama, the first sits at $1,786, worth about $115 million. The second sits a little higher, at $1,805, worth about $109 million.
Should ETH drop below these benchmarks, the consequences could resemble a domino effect: a single misstep could bring down the entire stack.
When Seconds Matter: Sky’s Safety System in Action
However, Sky Protocol isn’t without its own safety net. It has a key feature called the Oracle Security Module (OSM). This mechanism works like a safety belt on a roller coaster—it keeps sudden pressure from crashing.
By averaging prices from mul
