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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 Savings Rate • The Sky Savings Rate (SSR) will increase to 8.5%, and the Dai Savings Rate (DSR) to 7.5%. Stability Fee Parameters Update • ETH Stability Fees will increase: ETH-A to 8.25%, ETH-B to 8.75%, and ETH-C to 8%. • WSTETH Stability Fees will increase: WSTETH-A to 9.25%, and WSTETH-B to 9%. • WBTC Stability Fees will increase: WBTC-A to 11.25%, WBTC-B to 11.75%, and WBTC-C to 11%. The vote also includes a Spark Proxy Spell, which, if approved, will affect SparkLend and Spark's Morpho Vaults users. Additionally, the Executive Vote addresses updates to the Sky Ecosystem Liquidity Bootstrapping Funding, Integration Boost Funding, and other initiatives. For more details, please read the complete proposal at: https://t.co/2bKtiHVv1q. If approved by the Sky Ecosystem Governance, the proposed protocol changes will take effect within 16 hours.
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Driving the DeFi Renaissance.
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Step into the vision behind Sky on Solana with @RuneKek's talk tomorrow 18:30 at Solana Consumer Day in Bangkok.
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DeFi Renaissance starts.
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With over 5 billion in circulating supply, USDS and DAI are the largest decentralized stablecoins. Integrating USDS and DAI unlocks access to billions in liquidity for DeFi and beyond. Since inception, the decentralized Oracle protocol securing DAI and USDS has been known as Chronicle, operated by @ChronicleLabs. That means, any integration with USDS and DAI utilizes the Chronicle Oracle. And now, Chronicle's $CLE launch introduces a new chapter with Chronicle Points powered exclusively by the decentralized Sky Protocol.
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