TheStandard USD narxiUSDS

In August 2024, MakerDAO rebranded as Sky, launching two new tokens: USDS → an upgraded version of DAI (stablecoin). SKY → a new governance token replacing MKR. This major shift is part of the “Endgame Plan” — designed to make Sky more profitable, efficient, and able to ship

In addition to this, you can vote on governance as well as borrow extra USDS with your staked position (you can even loop or use USDS across other opportunities in Sky ecosystem) Already, over 13B tokens have been staked making up to 5% of total supply.

if you hold mkr, now is the best time to upgrade to sky. voting starts today to confirm the delayed upgrade penalty. if approved, it goes live september 22: every upgrade delay costs you 1% less sky, increasing every 3 months by 1%. over 630k mkr has already moved, earning ~15% in usds and ~14% in spk. the longer you wait, the more rewards you lose for nothing. mkr price action is the same as sky because of the conversion, with the difference that sky gives you rewards and governance power. if you sit on mkr, you receive less sky as the penalty kicks in.

What can @SkyEcosystem do that @circle cannot? 1. Earn higher yield on the underlying collateral assets vs. only the T-Bill rate 2. Share the yield with USDS holders