defirisk.co
rubric v1.7.0

TVL stability (CoV over 90d)

Sky Lending (formerly MakerDAO)'s assessment for RD-F-084 — scored yellow on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.

Evidence summary #

tvl_30d_change_pct = -18.29% (data cache 2026-04-27). Protocol TVL declined from ~$10.1B peak (Nov–Dec 2024) to ~$5.49B by April 2026 (~45% decline over ~5 months). Sustained directional decline implies CoV in 0.15–0.35 range. Green = CoV <0.15; yellow = 0.15–0.35; red = >0.35. Exact 90-day CoV not computed directly — daily historical series not fetched.

Sources #

  • URL
    Sky Lending — DefiLlamaDefiLlama Sky Lending TVL page — trend chart showing peak ~$10.1B Nov 2024 to ~$5.49B April 2026retrieved 2026-04-28
  • Internal
    Data cache: tvl_30d_change_pct = -18.29; tvl_usd = 5491274676retrieved 2026-04-27

Methodology #

Compute the coefficient of variation (σ/μ) of daily TVL over the trailing 90 days as a proxy for operational stability.

See the full factor methodology and distribution across all protocols →

rubric_version v1.7.0 protocol sky-lending factor RD-F-084 score yellow collected_at 2026-04-28 00:43:18