Sky, formerly Maker, launches USDS stablecoin on Solana

November 20, 2024 Coin Telegraph

Sky is offering $500,000 in USDS rewards for early adopters and stablecoin liquidity providers.

Decentralized finance lending and borrowing protocol Sky, formerly known as Maker, has deployed its USDS stablecoin on Solana in an effort to tap into the blockchain’s growing decentralized finance (DeFi) ecosystem.

Sky said in a Nov. 19 X post that its USDS was “the first major DeFi-native stablecoin on Solana” and would allow new ways for lending, borrowing, and trading across Solana’s “top DeFi platforms.”

“Today’s launch marks the first step in Sky’s strategy to increase Solana’s DeFi liquidity and [total value locked],” it added. Sky said in the future, pending governance approval, it would roll out its SkyLink crosschain bridge for USDS and sUSDS, its “savings” version of the stablecoin.

SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe

Sky co-founder proposes no new emissions for core token

November 4, 2024 Coin Telegraph

Coin Telegraph

Rune Christensen proposed a deflationary model for Sky, halting token emissions and aligning with MakerDAO’s original supply reduction vision.

Rune Christensen, the co-founder of Sky (formerly MakerDAO), said he is preparing a proposal for “strictly deflationary tokenomics” to halt token emissions and decrease total supply.

Christensen aims to prevent token emissions from occurring “in normal conditions” regardless of whether the core token stays as Maker (MKR) or becomes SKY in line with the new brand.

The new token structure would ensure that the chosen token is supported by long-term supply reduction and a burn mechanism, aligning with MakerDAO’s original tokenomics model.

SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe

Whales Accumulate Ethereum (ETH), Uniswap (UNI) and Two Additional DeFi Altcoins: Lookonchain

October 15, 2024 The Daily Hodl

Aave

Whales have been gobbling up Ethereum (ETH), the native token for the decentralized exchange (DEX) Uniswap (UNI) and a handful of other decentralized finance (DeFi) tokens, according to the crypto tracker Lookonchain. Lookonchain notes one unknown whale wallet withdrew 299,133 UNI worth $2.39 million from the crypto exchange Gate.io over the weekend. The same whale […]

The post Whales Accumulate Ethereum (ETH), Uniswap (UNI) and Two Additional DeFi Altcoins: Lookonchain appeared first on The Daily Hodl.

SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe

Telegram Gaming Token Could Surge by Over 40% Based on a Trend Indicator, According to Crypto Analyst

September 29, 2024 The Daily Hodl

Altcoins

One indicator suggests that rallies are on the horizon for one Telegram-based gaming token, according to a popular crypto analyst. Ali Martinez tells his 72,600 followers on the social media platform X that Notcoin (NOT) flashed a bullish signal on its Supertrend Indicator, which provides buy and sell signals based on price action and volatility. […]

The post Telegram Gaming Token Could Surge by Over 40% Based on a Trend Indicator, According to Crypto Analyst appeared first on The Daily Hodl.

SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe

Crypto Trader Says Ethereum on Cusp of Breaking Out, Updates Outlook on Bitcoin and One DeFi Altcoin

August 29, 2024 The Daily Hodl

ali martinez

A closely followed crypto analyst says that Ethereum (ETH) is on the brink of a swing to the upside while updating his outlook on Bitcoin (BTC) and decentralized finance (DeFi) altcoin Maker (MKR). In a new strategy session, crypto trader Ali Martinez tells his 69,00 followers on the social media platform X that the top […]

The post Crypto Trader Says Ethereum on Cusp of Breaking Out, Updates Outlook on Bitcoin and One DeFi Altcoin appeared first on The Daily Hodl.

SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe

MakerDAO Co-Founder Says Stablecoin Rebrand Will Have Freeze Function, But DAI Will Continue As Normal

August 28, 2024 The Daily Hodl

Altcoins

The co-founder of decentralized finance (DeFi) platform Maker (MKR) says that the rebrand of its stablecoin will have a freeze function but that DAI will continue to operate normally. In a new thread on the social media platform X, MakerDAO creator Rune Christensen says that DAI itself will not feature a freeze function – or […]

The post MakerDAO Co-Founder Says Stablecoin Rebrand Will Have Freeze Function, But DAI Will Continue As Normal appeared first on The Daily Hodl.

SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe

Render (RNDR), Aave and One More Ethereum-Based Altcoin Showing Notable Address Activity Growth: Santiment

July 17, 2024 The Daily Hodl

Aave

Three Ethereum (ETH)-based altcoin projects are seeing a massive increase in network activity, according to blockchain analytics platform Santiment.

The post Render (RNDR), Aave and One More Ethereum-Based Altcoin Showing Notable Address Activity Growth: Santiment appeared first on The Daily Hodl.

SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe

Institutional Crypto Firm Anchorage Digital Accumulates Eight Figures Worth of Ethereum DeFi Coin: Lookonchain

May 8, 2024 The Daily Hodl

Altcoins

Crypto bank Anchorage Digital is drawing attention for suddenly accumulating massive amounts of one decentralized finance (DeFi) altcoin. Blockchain tracking firm Lookonchain says that Anchorage Digital has used 13 wallets in the past month to accumulate more than $49.4 million worth of MKR, the native token for the DeFi protocol Maker. The most recent purchases […]

The post Institutional Crypto Firm Anchorage Digital Accumulates Eight Figures Worth of Ethereum DeFi Coin: Lookonchain appeared first on The Daily Hodl.

SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe

Whales Accumulate Chainlink, Pepe and Three Other Altcoins From Binance: Lookonchain

May 6, 2024 The Daily Hodl

Altcoins

Whales reportedly had a field day over the weekend, gobbling up millions of dollars worth of digital assets from crypto exchange Binance. Blockchain tracking firm Lookonchain says that on Saturday, crypto whales withdrew stacks of the decentralized oracle project Chainlink (LINK), meme token Pepe (PEPE), decentralized exchange Uniswap (UNI), stablecoin governance token Maker (MKR) and domain […]

The post Whales Accumulate Chainlink, Pepe and Three Other Altcoins From Binance: Lookonchain appeared first on The Daily Hodl.

SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe

MakerDAO Considering Allocating Up to $600,000,000 in DAI in Arthur Hayes-Backed Stablecoin USDe

April 3, 2024 The Daily Hodl

MakerDAO Considering Allocating Up to 0,000,000 in DAI in Arthur Hayes-Backed Stablecoin USDe

Aave

The decentralized finance (DeFi) protocol Maker (MKR) is considering allocating up to $600 million worth of its stablecoin DAI into markets for Ethena’s synthetic dollar, USDe. Last week, Maker deployed 100 million DAI to Spark’s sUSDe/DAI and USDe/DAI markets on Morpho Blue, a lending protocol on Ethereum (ETH). The move enabled “overcollateralized scalable liquidity for […]

The post MakerDAO Considering Allocating Up to $600,000,000 in DAI in Arthur Hayes-Backed Stablecoin USDe appeared first on The Daily Hodl.

MKR

Share this video