DeFi Savings Protocol Sky Slumps to $5M Loss as USDS Interest Payments Wipe Out Profit - DeFi savings protocol Sky posted a first-quarter loss of $5 million after interest payments to token holders more than doubled, according to a report created by Sky contributors from Steakhouse Financial.The loss is a stark turnaround from the previous quarter, when Sky, formerly known as MakerDA...

Sky community mulls final proposal to replace MKR with SKY as sole governance token, enabling staking and USDS rewards - A new governance proposal has been submitted to finalize the Sky ecosystem's upgrade from MKR to SKY following its "Endgame" rebrand.

Ledger Live enables stablecoin yields directly from self-custody with new Kiln integration - The feature is pitched as a way to access DeFi yields for USDC, USDT, USDS and DAI without going through "complex processes."

MKR Soars 50% Following Thwarted Governance Attack - Sky (formerly MakerDAO) has partnered with Berachain to push the cross-chain expansion of its USDS stablecoin.

Sky introduces Polaris to connect to Berachain as part of ‘agent framework’ - Polaris taps into Sky ecosystem’s USDS stablecoins to deploy capital into the Berachain decentralized finance ecosystem.

Emergency Sky proposal sparks governance debate - The proposal rewrites USDS borrowing rules for MKR holders — a strategic voting maneuver by founder Rune Christensen

Sky Protocol’s stablecoin pivot gains traction as USDS supply booms - A key element of the recent rebrand was the launch of USDS as Sky’s flagship USD-backed stablecoin.

Sky’s lending subDAO Spark targets up to $1.1 billion in direct exposure to Ethena’s USDe and sUSDe tokens - The team estimates it could earn approximately 27% APY, helping drive revenue to Sky and maximizing returns for Savings USDS depositors.

Juiced USDS Yields Woo Solana Traders to Sky's Stablecoin - Solana traders are quickly embracing the newest stablecoin to join their decentralized finance (DeFi) fray: USDS, issued by Sky (formerly MakerDAO).

Ethereum Giants Formerly Known as MakerDAO and DAI Now on Solana - Sky co-founder Rune Christensen told Decrypt that Solana support "marks the beginning of a new multi-chain era for USDS."

Spark Liquidity Layer To Unlock Multi-Chain Functionality For Sky’s USDS Stablecoin - The liquidity layer will allow users to deposit or withdraw USDS via multiple networks.

Just four entities account for nearly all the votes to keep MakerDAO’s rebranding to Sky - Sky's USDS is now the third-largest stablecoin, replacing the original DAI which held that position for years on the charts.

Sky Considers Return to MakerDAO Brand Amidst USDS Success - Sky, the DeFi platform, considers rebranding to Maker after USDS stablecoin success and community feedback on tokenomics.The post Sky Considers Return to MakerDAO Brand Amidst USDS Success appeared first on BeInCrypto.

ZeroLend Nears $250M TVL, Spark Deploys $25M USDS to Aave, Sky's D3M Module Active - ZeroLend's @LineaBuild market is nearing $250 million in Total Value Locked (TVL), allowing users to supply or borrow more than 15 assets with competitive Annual Percentage Rates (APRs) and emissions

Ethena Picks BlackRock's BUIDL, Mountain, Superstate and Sky's USDS for $46M Tokenized RWA Investment - Ethena's $46 million allocation fits into the growing trend of DeFi platforms and protocol foundations investing in real-world asset-backed products to earn a yield without leaving blockchain rails.

Sky’s New Stablecoin USDS Jumped to $1 Billion Supply in Two Weeks - Ethena bought $400M of the stablecoin issued by the protocol formerly called MakerDAO to diversify collateral for its own stablecoin.