Sky Ecosystem Voice changes the savings rate for USDs, as Stablecoins increases its competitor for the expected return. Defi Hub will change several parameters to enhance Sky Ecosystem’s dependence and reward all those who switched MKR and Dai.
Sky Sky Ecosystem Sky, former Dao maker, voice On reducing USDs saving rate to 8.75 %.
Sky Journance has agreed to a decrease in the SKY savings rate to 8.75 %, to be implemented on February 10 at 14:00 UTC. pic.twitter.com/ist7cot4xv
Sky (skycosystem) February 7, 2025
Previously, Sky Ecosystem provided 12.5 % in USDS, and managed to attract $ 3 billion of management assets. Sky Dollar replaces Dai, which already carries 3.75B features in trading.
Each of the distinctive symbols is currently equal in weight, although Dai is still used in the Defi ecosystem. There is no specific deadline to move from Dai to USDs, and it is due to users and their choice of Defi and SAVINGS or other negative income opportunities.
Sky Ecosystem adapts to market conditions
Some proposed changes to the ecosystems of the sky reflect the disturbance in the market on February 3. .
During the ETHEREUM (ETHEM) slide of up to $ 2080, the Defi sector witnessed $ 313 million in the qualifiers, most of which affect AAVE (AAVE) and the compound. ETH still shows weakness at $ 2595.21, as Bitcoin (BTC) slipped into a range of $ 95,000, which is once again exposing Defi Vaults and Linding at risk.
Sky and Spark survived with a much smaller qualifiers, affecting many smaller brackets. The largest references were $ 2.58 million in WSTTH, and 847.29 thousand dollars for Wet -guarantee, with most borrowed assets in Dai and WBTC. The cellars using ETH were lost as a guarantee of more than $ 7.5 million in liquidation.
To cancel the risks most cellars, Sky suggested changes to stability fees, and reduced them to most of their cellar. The Dai’s saving rate will decrease from 11.25 % to 7.25 %, while USDS has already agreed to correct it from 12.5 % to 8.75 %.
The proposal was approved by 9 supporters, where voting was made with 63,827 MKR, as the original turned into a code of governance. MKR is now 909.02 dollars, its lowest level since 2021, as a vote and governance code, with no role in obtaining Dai.
Usds expands its supplies last month
Usds is the fastest growing fastest with yields, which is exceeded by USDT and USDC only. Last month, USDs added a 2.1B symbol to its supplies, while Dai remained unchanged.
USDs expanded its supplies as a test on Solana, but the biggest increase comes from the additional mint on the basic ecosystem. Currently, USDs added more than $ 100 million to trading to the basic ecosystem, with relatively small experimental cellar. Mint was similar to Solana’s experimental acceptance.
Usds is part of the vaultsfyi app on the base, and it is an application for inspection and access to lending cellar. Defi is still risky, mostly due to the volatile value of the guarantee.
Base now holds $ 3.77 million in stablecoins, with USDC flow, as well as the smaller and backed algorithm.
Despite the aggressive expansion of the ecosystems of the sky, the basic sky symbol trades near its lowest levels ever. Sky is $ 0.037, with a few opportunities for derivative trading. The original continues to depend on the uniswAP V3 to discover prices, as more than 62 % of the folders depend on DeX liquidity. Unlike MKR, Sky is slow to put its value. In addition, Sky is also used for governance, and is not associated with the value of the protocol.
Currently, Spark, Subdao of Maker, holds $ 2.75 billion in lending cellar. The project was ranked 15 based on the total closed value. Sky maintains the old Maker’s position, although it has moved away from being a leading Defi app.
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