According to ChainCatcher, Sky (formerly MakerDAO) has proposed an important proposal to integrate USDS and sUSDS (i.e. DAI and sDAI after rebranding) of the Sky (formerly MakerDAO) protocol into the Aave ecosystem. The proposal mainly includes two aspects:
First, users who supply sUSDS on the Aave V3 main market will be eligible to participate in the pre-mining airdrop incentive program of 3.33 million SPK tokens per month;
The second is a proposal to deploy a USDS D3M with an initial debt ceiling of $100 million to Aave’s Lido-specific market.
MakerDAO said this is the first step in a deeper relationship with Aave, aimed at driving both protocols to become the core of scalable DeFi. The Aave team has agreed to split revenue from the sUSDS and USDS markets with Spark 50/50. In addition, the proposal includes measures to prevent the circulation of USD stablecoins, and an operational plan to allow the governance coordinator multi-signature wallet to quickly adjust market exposure. Subject to approval by the governance process, both proposals will be implemented at the earliest feasible time after the launch of USDS and sUSDS tokens on September 18. The SPK reward program will start at the block where the market is included in the Aave V3 main market.
