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Sky Protocol’s USDS Supply Surges Past 9 Billion, DAI Falls Behind

  • 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.

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