The Sky Protocol (formerly MakerDAO) represents a cutting-edge decentralized financial ecosystem that empowers users to save, trade, and earn rewards while maintaining complete control over their funds. Built on robust blockchain technology, the platform features two native tokens, USDS and SKY, which enhance the functionality of established tokens like DAI and MKR from MakerDAO. With a Total Value Locked (TVL) exceeding $15 billion and an attractive Sky Savings Rate (SSR) of 6.50%, the Sky Protocol has established itself as a leading player in the DeFi (Decentralized Finance) sector. The ecosystem includes Sky Token Rewards (STRs), encouraging user participation and engagement. Users benefit from a non-custodial gateway via the Sky.money app. As the cryptocurrency market continues to expand, the Sky Protocol offers a comprehensive suite of features designed to enhance accessibility and user experience in decentralized finance. For those interested in the evolving landscapes of cryptocurrency and decentralized finance, the Sky Protocol serves as an innovative solution while maintaining a commitment to user autonomy and robust market performance.
The CLARITY Act now has 100+ changes, but with 60 Senate votes needed, Polymarket bettors still put its odds at 19%.
U.S. Bank just sent its own USBDC stablecoin to Europe on Stellar, putting a 163-year-old lender on a public blockchain.
A Nomic bug minted unbacked nBTC, blew a 36% hole in an Osmosis bitcoin fund and somehow went unnoticed for 74 days.
Bitcoin fell under $77K after hot U.S. PPI data fueled Fed rate hike fears, driving $562M in crypto liquidations.
Nasdaq Ventures will invest $100 million in Kraken parent Payward as the firms expand their tokenized stock partnership.
