Spark Unveils Multi-Chain Liquidity for USDS and sUSDS

Spark Liquidity Layer automates multi-chain USDS and sUSDS liquidity management, boosting DeFi efficiency and scalability. Cross-chain swaps with no slippage and stable borrowing rates redefine multi-chain stablecoin functionality. The Spark team has made a huge step forward in stablecoin growth with the release of the Spark Liquidity Layer. For USDS and sUSDS stablecoins, this novel…

Read More

Sky’s Rune Christensen Reveals Star Allocation Proposal—and Possibly a Return to the Old Maker Name

Rune Christensen, founder of Makerdao, has outlined a comprehensive plan for the future of the decentralized finance (defi) ecosystem, highlighting the success of the USDS stablecoin and introducing the Star Allocation System Framework. A key aspect of the plan includes a possible transition back to the Maker brand, following community feedback on recent changes. Makerdao…

Read More

USDS and RLUSD Stablecoins See Uptick in Supply Amid Broader Stablecoin Growth

The latest data highlights that the stablecoin market currently sits at $173 billion, with two recently introduced U.S. dollar-backed stablecoins showing significant growth. The decentralized finance (defi) project Sky, previously known as Makerdao, has minted 1.11 billion USDS, adding approximately 104 million coins to its supply over the past five days. In a parallel development…

Read More

Leading DeFi giants Sky and Aave launch Sky Aave Force to boost sector growth

Leading DeFi protocols Aave and Sky (formerly MakerDAO) have partnered to launch Sky Aave Force, aiming to bridge the gap between decentralized finance and traditional financial systems. In a statement on Sept. 3, the initiative was described as a crucial step toward creating a more resilient and aligned ecosystem, with goals of broader accessibility, increased…

Read More

Gnosis Chain Rethinks Gas Tokens Amid MakerDAO’s USDS Concerns

The Gnosis Chain community is reconsidering gas tokens due to USDS’s centralization concerns. Chainlink’s CCIP and Automation now operate on Gnosis, boosting blockchain development. The Gnosis Chain community is at a critical juncture as it reconsiders its gas token selection in light of important developments inside the MakerDAO ecosystem. With the debut of MakerDAO’s new…

Read More