Sky Protocol launches SKY token on Optimism to unlock faster, cheaper DeFi interactions across the Superchain ecosystem. SKY token enables staking rewards …
SKY
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DeFi
Aave, Uniswap, Sky Tokens Surge Over 20% as SEC Roundtable Spurs DeFi Optimism
by shayaanby shayaanDecentralized finance (DeFi) tokens UNI, AAVE and SKY all rose by more than 20% on optimistic comments from SEC Chair Paul Atkins …
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Markets
DeFi Savings Protocol Sky Slumps to $5M Loss as USDS Interest Payments Wipe Out Profit
by shayaanby shayaanDeFi savings protocol Sky posted a first-quarter loss of $5 million after interest payments to token holders more than doubled, according to …
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Sky Protocol’s synthetic stablecoin, USDS, has now increased its supply ahead of Ethena’s USDe. The DeFi protocol, which still carries both USDS …
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Sky (formerly MakerDAO) governance is grappling with the implications of an emergency proposal executed today that alters MKR’s role within the ecosystem. …
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The Sky ecosystem voted on altering the savings rate for USDS, as stablecoins increase their competition for predictable yield. The DeFi hub …
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The DeFi sector continues to progress, with the prominent dApps making new developments. As per the data from Phoenix Group, Aerodrome, Ethena, …
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DeFi
Sky Protocol grows USDS supply to new record as demand for yield remains strong
by shayaanby shayaanSky Protocol, formerly Maker, keeps expanding the supply of USDS, reflecting the growing demand for passive yield. The protocol retains some of …