BlockBeats news, on May 12, Osero, a stablecoin yield infrastructure project supported and incubated by the Sky Ecosystem (formerly MakerDAO), announced the completion of a $13.5 million funding round led by Sky Ecosystem, with the stablecoin Layer1 project Plasma co-leading. Other participants include RedStone, Kairos Research, and Joe Flanagan, Lorenzo Romagnoli, among others.
The round was conducted via a SAFT (Simple Agreement for Future Tokens), though the valuation was not disclosed.
Osero, incubated by Stablewatch, aims to drive adoption of USDS (formerly DAI), the stablecoin of the Sky ecosystem, and the yield-bearing stablecoin sUSDS, while enabling users to directly access the Sky Savings Rate (SSR) yield system.
Osero is developing three core products:
· Osero App: A stablecoin yield gateway for retail and institutional users;
· Osero Earn: Provides stablecoin yield infrastructure for wallets, exchanges, digital banks, and other platforms;
· Osero Foundry: Assists asset management firms and fund issuers with on-chain asset tokenization and liquidity deployment.
Among these, Osero Earn enables the platform to offer yield services to users without managing stablecoin strategies themselves, with risk exposure borne by Osero and the Sky ecosystem venture capital.
Notably, $10 million of this funding round will be designated exclusively as a risk reserve to cover potential losses. The project team stated that its risk framework is modeled after the Basel III banking regulatory standards.