Sky, previously known as MakerDAO, has introduced stUSDS, a new risk capital token aimed at providing high-yield returns for sophisticated DeFi investors. Available on platforms Sky.money and Spark.fi, stUSDS generates returns from stability fees paid by borrowers utilizing Sky’s Staking Engine. Co-founder Rune Christensen highlighted the token's potential to enhance capital efficiency and attract investors seeking optimal returns.
Sky's USDS token, an upgraded version of DAI, boasts a supply exceeding $7 billion across major blockchains. In addition to launching stUSDS, Sky is expanding its Stars network, which includes Sparklend with over $11 billion in total value locked (TVL) and a $1 billion institutional credit initiative by Grove. However, certain services remain inaccessible in the U.S. due to regulatory constraints.
Sky Unveils stUSDS Token for High-Yield DeFi Investments
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