The Sky Savings Rate has increased to 6.5%, providing Sky ap | MakerDAO on Binance Square

Trending Articles

Bookmarked and Liked

--

The Sky Savings Rate has increased to 6.5%, providing Sky app users with higher USDS rewards through the decentralized Sky Protocol, all while maintaining full control over their assets. https://x.com/SkyEcosystem/status/1843446519946772764/photo/1

Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.

244

0

Replies 0

Explore the latest crypto news

⚡️ Be a part of the latests discussions in crypto

💬 Interact with your favorite creators

👍 Enjoy content that interests you

Email / Phone number

Relevant Creator

@MakerDAO

Explore More From Creator

Spark has deployed 5 million USDS into Aave’s Lido market through a new Sky’s USDS Direct-Deposit Module. The module has been initialized with a 100 million USDS maximum allocation, designed to scale as liquidity demand increases and enable more competitive rates for USDS at larger volumes. Additionally, USDS suppliers on Aave can now earn SPK and USDS rewards!

--

New USDS and SPK rewards are live for USDS suppliers on Aave! • 50,000 USDS will be allocated weekly to bootstrap rewards and will then adjust to match at least the sUSDS rate, currently at 6.5%. • 3.33 million SPK pre-farming airdrop allocation is distributed on a monthly basis.

--

Get Sky Token Rewards. Got USDS? Awesome. Head to Sky Token Rewards and choose between SKY tokens or @ChronicleLabs points.

--

The following parameter changes have been deployed in the decentralized Sky Protocol after the latest Executive Vote: • WBTC Vault Stability Fees increased: WBTC-A to 9.25%, WBTC-B to 9.75%, and WBTC-C to 9% • The Sky Savings Rate increased to 6.5% • The Dai Savings Rate decreased to 5.5% • The Effective DAI Borrow Rate on SparkLend decreased to 6.5%

--

A new Sky Executive Vote is now live. If passed, the proposed changes to the Sky Protocol will take effect 16 hours after approval by the Sky ecosystem governance, impacting users as follows: Changes to the Stability Fee, DAI Borrow Rate on Spark, and Savings Rate: • WBTC Vault Stability Fees will increase: WBTC-A to 9.25%, WBTC-B to 9.75%, and WBTC-C to 9%. • The Dai Savings Rate will decrease to 5.5%, and the Sky Savings Rate will increase to 6.5%. • The Effective DAI Borrow Rate on SparkLend will decrease to 6.5%. Final LITE-PSM-USDC-A Migration (Phase 3) As submitted by @BlockAnalitica, this vote will complete the LitePSM implementation. All USDC reserves will be migrated to LITE-PSM-USDC-A, which will offer more transaction capacity with no fees (tin and tout remain at 0%). The old PSM-USDC-A will be phased out. This change aims to provide smoother, fee-free access to USDC liquidity. Activation of Aave Lido Market Spark USDS Direct Deposit Module (DDM) After onboarding USDS to Aave v3, Sky governance will vote to inject 100 million USDS into Aave’s Lido market via Spark. Aave users will have immediate access to 50 million USDS, with a 24-hour cooldown for additional borrowing. This move aims to provide better borrowing rates and enhance liquidity in Aave’s Lido market. WBTC-A, WBTC-B, and WBTC-C Liquidation Parameter Updates If approved, the following risk mitigation changes will apply to WBTC Legacy Vaults: • The liquidation penalty for WBTC-A, WBTC-B, and WBTC-C will drop to 0%. • The WBTC-A liquidation ratio will increase to 150% over 6 days. • The WBTC-B liquidation ratio will rise to 150% over 6 days. These changes reduce liquidation costs while tightening risk controls. If this Executive Vote passes, the updates will take effect 16 hours after the GSM Pause Delay. Note that this proposal includes an office-hours modifier and can only be executed between 14:00 and 21:00 UTC, Monday through Friday.

--

Latest News

Bitcoin(BTC) Drops Below 61,000 USDT with a 1.73% Decrease in 24 Hours

--

WisdomTree Introduces Tokenized Money Fund For Debit Card Spending

--

US Stocks Rise Following Fed Meeting Minutes Release

--

Federal Reserve Minutes Reveal Support For 50 Basis Points Rate Cut

--

SUI Chain Meme Token Loopy Surges Over 763% in 24 Hours

--

Cookie Preferences

ba-one-trust-cookie