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USDS has surpassed 500 million in supply!
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sUSDS: non-custodial saving rewards. When you supply USDS to the decentralized Sky Savings Rate (SSR) module, you receive sUSDS. These sUSDS tokens are the digital record of your supplied USDS and automatically accumulate your earned rewards, in accordance with the current SSR decided by Governance. When you choose to redeem your sUSDS for USDS, which you can do anytime, the total USDS you will receive will equal the amount you originally supplied, plus any additional USDS accumulated as rewards.
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USDS is now live on Aave's v3 Ethereum Main and Lido pools. https://x.com/SkyEcosystem/status/1841536151485612169/video/1
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As submitted by @BlockAnalitica through the Sky forum, an upcoming Sky Executive Vote will include the following parameter changes to the Sky Protocol: Stability Fee Changes for Core Vaults: âą WBTC-A: Increase Stability Fee from 7.75% to 9.25% âą WBTC-B: Increase Stability Fee from 8.25% to 9.75% âą WBTC-C: Increase Stability Fee from 7.5% to 9% Dai Savings Rate and Sky Savings Rate: âą Decrease Dai Savings Rate from 6% to 5.5% âą Increase Sky Savings Rate from 6.25% to 6.5% SparkLend Effective Borrow Rate: âą Decrease the Spark Effective DAI Borrow Rate from 7% to 6.5% These changes will take effect if approved by Sky Governance in an upcoming Executive Vote. Stay informed on the latest Sky Ecosystem governance updates by following this X account.
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USDS supply has reached 1 billion 13 days after launch! https://x.com/SkyEcosystem/status/1841154592962150747/photo/1
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Take a trip back to the highlights of the Sky Launch Party in Singapore! https://x.com/SkyEcosystem/status/1841100293230006423/video/1
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