According to TechFlow, Sky (formerly MakerDAO) announced this morning that USDS is a decentralized stablecoin with native rewards. Starting from September 18, eligible users can upgrade DAI to USDS at a 1:1 ratio, or exchange USDS with supported cryptocurrencies to receive SKY token rewards and Sky savings rates. USDS will provide native rewards in two ways:
The first is Sky token rewards. Users can get SKY token rewards by providing USDS without using other products or giving up asset control.
The second is the Sky Savings Rate, which allows users to increase their USDS savings through this long-term successful system that has secured billions of dollars.
Eligible users can now register through the Sky.money website and complete the relevant steps to have a chance to receive a 100% increase in Sky token rewards.
