RENEC Lend has launched a USDS supply pool on Solana, offering potential annual percentage yields (APY) of up to 60%.
Solana traders are investing in USDS, a new stablecoin by Sky, attracted by its yields.
Sky launches the USDS stablecoin on Solana, providing $500,000 in rewards for early adopters and liquidity providers, emphasizing their DeFi commitment.
Sky's USDS has become the third-largest stablecoin, taking the position previously held by DAI, with major voting influence from four entities in MakerDAO’s rebranding process.
MakerDAO may revert its Sky rebrand as the SKY token struggles, with only 8% MKR tokens converted. Meanwhile, the USDS stablecoin launch was successful with $1.2B supply. The community leans towards sticking with the original Maker brand, with a governance vote on the brand direction set for November 4th.
Rune Christensen unveiled a plan for Makerdao's future, focusing on the USDS stablecoin success and introducing the Star Allocation System. A possible reversion to the original Maker brand is considered after community feedback.
Sky, formerly MakerDAO, considers reverting to the Maker brand following USDS stablecoin success. Concerns over name confusion and token roles with SKY prompt community deliberations on the branding. Plans include governance polls and potential changes, as USDS records significant growth, raising questions about control in decentralized systems.
USDS and RLUSD stablecoins are seeing growth within the $173 billion stablecoin market, with significant supply increases recently.
Sky, previously known as Makerdao, has minted over 1 billion USDS stablecoins since its rebranding 38 days ago. Additionally, 530 million DAI have been converted to USDS during this period.
Sky, formerly known as Maker, plans to integrate with Solana blockchain to enhance DeFi capabilities.
BitGo plans to launch a new stablecoin, USDS, with a unique reward system next year. It will offer up to 98% of earnings to ecosystem supporters.
Bitgo is set to launch its USDS stablecoin in January 2025, with backing from U.S. Treasury bills, overnight repos, and cash. CEO Mike Belshe announced this at Token2049 in Singapore, emphasizing rewards for liquidity providers.
BitGo is planning to launch a new stablecoin called USDS in 2025, offering rewards to its holders.
Goldman Sachs-backed BitGo introduces the USDS stablecoin, aiming to challenge major issuers by distributing up to 98% of earnings to network supporters.
BitGo to launch USDS stablecoin in January 2025, rewarding liquidity providers.
BitGo plans to launch the USDS stablecoin in 2025, backed by Treasury bills, repos, and cash, offering stability and rewards for liquidity providers.
BitGo is launching USDS, an open participation stablecoin that offers liquidity rewards to institutions.
Sky's plan to include a transaction-freezing function in its stablecoin USDS is under scrutiny. The feature aims to balance decentralization and regulatory compliance.
The decision over the freezing process of Sky's stablecoin USDS might be made by a decentralized governance body, according to co-founder Rune Christensen.
Aave and Sky float partnership aims to bridge DeFi and TradFi by creating markets for USDS, a DAI replacement, on Aave.
Gnosis Chain reevaluates gas tokens after MakerDAO rebrands to Sky and launches stablecoin USDS, raising decentralization concerns.
Sky has unveiled its USDS stablecoin, featuring a freeze function to deter crypto crime and enhance regulatory compliance, impacting the DAI ecosystem.
Rune Christensen, Maker protocol co-founder, confirms no "freeze function" will be added to the new USDS stablecoin.
Maker, now operating as Sky, introduces USDS stablecoin with a contentious freeze function, which the founder states won't be included at launch.
Sky introduces USDS stablecoin with a freeze feature, sparking debate over its impact on the decentralized nature of DAI.
MakerDAO has rebranded to Sky and is launching a new stablecoin USDS along with an upgraded MKR successor.
