USDS supply surpassed 9 billion in February, overtaking DAI and marking a major milestone for Sky Protocol’s stablecoin dominance.
Sky Protocol adjusted its Savings Rate while maintaining strong USDS reserves, with multichain adoption expanding to Ethereum, Base, and other networks.
Apart from USDS’s expansion, Sky Protocol changed the Sky Savings Rate from 12.5% to 6.5% throughout February.
USDS count in the Sky Token Rewards program doubled, generating 8.12% APY in the form of SKY tokens.