Sky, formerly known as Maker, is making waves in the DeFi ocean by launching its USDS stablecoin on Solana. 🌊 This move marks USDS as the first major DeFi-native stablecoin on Solana, opening new avenues for lending, borrowing, and trading.
- Sky aims to boost Solana's DeFi liquidity and total value locked (TVL) with this launch.
- Early adopters and liquidity providers can earn juicy rewards, with Kamino Finance users getting a slice of 200,000 USDS weekly.
- Despite a 30% dip in the former governance token, Maker (MKR), Sky is optimistic about its rebranded journey.
Stay tuned for more DeFi adventures!