[Sky Protocol Q2 Revenue Reaches $107.35 Million, Achieves Surplus] The Sky Frontier Foundation released its July 2026 operations and financial update, reporting that Sky Protocol achieved total protocol revenue of $107.35 million and a net protocol surplus of $33.29 million in Q2 2026. Sky Governance has reduced the Sky Spread to zero and adjusted the subsidized borrowing reference rate to the Secured Overnight Financing Rate (SOFR). Sherlock is conducting AI-assisted security audits on Sky ecosystem smart contracts. PT-sUSDS is now available on Morpho as collateral to borrow USDS.