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.

USDS is now live on Aave's v3 Ethereum Main and Lido pools. https://x.com/SkyEcosystem/status/1841536151485612169/video/1

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:

• WBTC-A: Increase Stability Fee from 7.75% to 9.25%
• WBTC-B: Increase Stability Fee from 8.25% to 9.75%
• WBTC-C: Increase Stability Fee from 7.5% to 9%

Dai Savings Rate and Sky Savings Rate:

• Decrease Dai Savings Rate from 6% to 5.5%
• Increase Sky Savings Rate from 6.25% to 6.5%

SparkLend Effective Borrow Rate:

• 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.

USDS supply has reached 1 billion 13 days after launch! https://x.com/SkyEcosystem/status/1841154592962150747/photo/1

Take a trip back to the highlights of the Sky Launch Party in Singapore! https://x.com/SkyEcosystem/status/1841100293230006423/video/1

Upgrade to USDS, and get rewarded for saving without giving up control.

Use the Upgrade feature to convert your DAI to USDS at a 1:1 rate, unlocking all the new features within the Sky Ecosystem, including Sky Token Rewards and the Sky Savings Rate.

Upgrading is optional, and you can convert your USDS back to DAI anytime.

Transparency is one of DeFi's greatest strengths, enabling real-time insights for users to understand the status of what they’re using.

Powered by @BlockAnalitica, the Sky Risk & Analytics Dashboard fulfills this purpose for the Sky Protocol, displaying real-time key metrics like DAI and USDS supply, DAI → USDS and MKR → SKY upgrades, Sky Savings Rate, Sky Token Rewards, TVLs, and more.

Looking to integrate with the Sky Protocol? Learn more about the First Wave Integrator Program and what it offers ↓

USDS has surpassed 500 million in supply!

Over 400 million USDS in total supply!

The best DeFi tools, designed to unlock the best rewards.

Powered by @CowSwap Protocol, the https://t.co/h68x1AfX9k App's trading feature provides MEV-protected and optimized liquidity trading between crypto assets and Sky Protocol's tokens, striving to secure the most favorable price in the decentralized market.

Over 280 million DAI has been successfully upgraded to USDS in the first 24 hours since launch.

What a night at the Sky Launch Party! Join us today for the second day of Token2049, where the Sky team is ready to answer your questions about the brand new Sky app.

The Sky Risk & Analytics Dashboard is now live at https://t.co/sSrD1mvpAr.

Explore all data related to the Sky Protocol with an exceptional user experience, powered by @BlockAnalitica.

.@ChronicleLabs points are now live, exclusively on the Sky Protocol, and can be accessed via the https://t.co/h68x1AfpjM app.

Through the Sky Token Rewards feature, users can supply their USDS and start earning Chronicle Points, later claimable for Chronicle tokens at a rate of 10 points → 1 Chronicle token (CLE)

What makes Chronicle a key infrastructure player in the DeFi space? Let’s take a closer look.

USDS and SKY are live on Ethereum along with DeFi features powered by the decentralized Sky Protocol, all available at http://Sky.money.

Sky Ecosystem participants are in Singapore for Token2049!

Here’s what’s lined up:

• Visit the Sky booth at Token2049 on 18 and 19 September.
• Don’t miss the Sky Launch Party on 18 September at CÉ LA VI, Marina Bay Sands, from 07:30 PM to 3:00 AM.

Catch @RuneKek live at Token2049 on 18 September:

• 9:15 AM - Panel: DeFi Titans: The Path to Resurgence (Main Stage)
• 12:30 PM - Panel: Big DeFi Energy (Sky Stage)

Looking forward to seeing you there.

CÉ LA VI, Marina Bay Sands.
18 September.
07:30 PM.

The Sky Ecosystem has released a second notice about the offboarding of WBTC-A, WBTC-B, WBTC-C, and WBTC from SparkLend.

According to the plan outlined by @BlockAnalitica, and pending governance approval, WBTC offboarding from Legacy Vaults (WBTC-A, WBTC-B, and WBTC-C) and SparkLend will be conducted in several steps over multiple Executive Votes.

The offboarding process is expected to begin with the Executive Vote on September 26, 2024.

WBTC users of Legacy Vaults and SparkLend are strongly encouraged, following @BlockAnalitica’s recommendations, to close their Legacy Vaults and SparkLend positions with WBTC collateral to avoid liquidation.

If you are a user with WBTC collateral in Legacy Vaults (WBTC-A, WBTC-B, or WBTC-C) or SparkLend, please be aware of the WBTC offboarding proposal initiated by @BlockAnalitica.

According to the plan outlined by @BlockAnalitica, and pending governance approval, WBTC offboarding from Legacy Vaults (WBTC-A, WBTC-B, and WBTC-C) and SparkLend will be conducted in several steps over multiple Executive Votes.

The process is expected to begin with the Executive Vote on September 26, 2024.

WBTC users of Legacy Vaults and SparkLend are strongly encouraged, following @BlockAnalitica’s recommendations, to close their WBTC Legacy Vaults and SparkLend positions.