{"data":{"issuer_slug":"sky","issuer_name":"Sky","logo":null,"verification_interval":"15m","basis":"Observed figures from Philidor’s stablecoin backing look-through. Reserve value is partitioned by its strongest admissible current evidence layer: direct on-chain verification, issuer-published third-party attestation results, source report only, or unverified. Philidor does not independently fetch the auditor artifacts behind issuer-published attestation results. Liability evidence is measured separately. Shares are mutually exclusive and total 100%; 0% direct on-chain does not mean 0% backing. Reserve and liability timestamps are separate, stale evidence fails closed, and cross-time or cross-scope ratios are withheld. Unobserved fields are null with a reason; nothing is inferred. This is decision evidence, not a solvency guarantee.","products":[{"symbol":"USDS","name":"Sky USDS","address":"0xdc035d45d973e3ec169d2276ddab16f1e407384f","chain_id":1,"status":"live","status_reason":null,"verification_method":"onchain","liability_method":"onchain","reserve_evidence":{"direct_onchain_pct":84.49996289234255,"issuer_published_third_party_attestation_pct":0,"source_report_only_pct":15.500018677759556,"unverified_pct":0.00001842989789306966},"liability_evidence":{"direct_onchain_pct":100,"source_report_only_pct":0,"unverified_pct":0},"assurance":{"attestation_status":"not_applicable","attestation_detail":null,"ratio_basis":"withheld","ratio_scope_comparable":false,"ratio_scope_reason":"The itemized reserve composition and the on-chain liability read cover different scopes for this issuer; a ratio across them would misstate collateralization. Both observed figures are served."},"freshness":{"snapshot_age_seconds":9176,"snapshot_max_age_seconds":25200,"source_age_seconds":9505,"source_max_age_seconds":86400,"operand_skew_seconds":447,"operand_max_skew_seconds":3600,"snapshot_within_limit":true,"source_within_limit":true,"operands_within_limit":true},"onchain_verified_pct":84.49996289234255,"verifiability_pct":84.49996289234255,"collateral_ratio":null,"supply_usd":11635447810.243065,"total_reserves_usd":10173686316.494644,"last_verified_at":"2026-10-14T06:39:31.394Z","last_observed_at":"2026-10-14T06:39:31.394Z","source":"ba_labs","source_updated_at":"2026-10-14T06:34:02.054Z","liability_updated_at":"2026-10-14T06:26:35.000Z","verification_interval":"15m","evidence_interval":"15m","max_operand_skew_minutes":60,"source_url":"https://info.sky.money/","evidence_basis":"Issuer analytics composition with Philidor pinned-block balance checks where structurally possible; liabilities combine Ethereum USDS and DAI totalSupply.","delta_neutral":null,"insurance_fund_usd":null,"sleeves":[{"sleeve_key":"stablecoins","weight_pct":52.01061299472593,"amount_usd":5291396617.369417,"score":8.495972536667045,"score_source":"underlying_asset"},{"sleeve_key":"onchain_crypto_lending","weight_pct":27.650368947838764,"amount_usd":2813061802.1065564,"score":6.999999999999999,"score_source":"reviewed_constant"},{"sleeve_key":"otc_crypto_lending","weight_pct":10.04130003657685,"amount_usd":1021570367.8193905,"score":5.499999999999999,"score_source":"reviewed_constant"},{"sleeve_key":"aaa_corporate_debt","weight_pct":4.89431025780224,"amount_usd":497931772.98482025,"score":6.500000000000001,"score_source":"reviewed_constant"},{"sleeve_key":"short_duration_treasury_bills","weight_pct":4.220381842624024,"amount_usd":429368410.0268649,"score":8.5,"score_source":"reviewed_constant"},{"sleeve_key":"other","weight_pct":0.7794304050095734,"amount_usd":79296804.46105775,"score":2,"score_source":"fail_closed"},{"sleeve_key":"private_credit","weight_pct":0.20238962356536835,"amount_usd":20590485.4386749,"score":5,"score_source":"reviewed_constant"},{"sleeve_key":"basis_trade","weight_pct":0.20120589185726911,"amount_usd":20470056.287864,"score":5.5,"score_source":"reviewed_constant"}],"published_score":8.05,"published_tier":"Prime","snapshot_at":"2026-10-14T06:39:31.394Z","null_reasons":{"collateral_ratio":"The itemized reserve composition and the on-chain liability read cover different scopes for this issuer; a ratio across them would misstate collateralization. Both observed figures are served.","delta_neutral":"No observed source asserts delta-neutrality for this product.","insurance_fund_usd":"No adapter observes an insurance fund for this product yet."}}],"unobserved_products":[],"headline":{"headline_collateral_ratio":null,"headline_reserves_usd":10173686316.494644,"headline_supply_usd":11635447810.243065,"verifiability_pct":84.49996289234255,"reserve_evidence":{"direct_onchain_pct":84.49996289234255,"issuer_published_third_party_attestation_pct":0,"source_report_only_pct":15.500018677759556,"unverified_pct":0.00001842989789306966},"liability_evidence":{"direct_onchain_pct":99.99999999999999,"source_report_only_pct":0,"unverified_pct":0},"status":"live","status_reason":null,"last_verified_at":"2026-10-14T06:39:31.394Z","oldest_source_updated_at":"2026-10-14T06:34:02.054Z","last_observed_at":"2026-10-14T06:39:31.394Z","null_reasons":{"headline_collateral_ratio":"Requires complete, scope-comparable observed reserves and supply across every registered product."}}}}