In the dynamic world of cryptocurrency, strategic financial moves often capture significant attention. Recently, Sky Protocol, a prominent player in the decentralized finance space, executed a substantial token buyback. This action involved repurchasing 17.32 million SKY tokens. The move cost the protocol $1.39 million last week, according to a report by JinSe Finance. This significant […]
The world of decentralized finance just received a significant traditional finance assessment. S&P Global Ratings recently assigned a B- issuer credit rating to Sky Protocol, a prominent decentralized lending platform. This crucial evaluation offers a new perspective on the platform’s financial standing and its stablecoin, USDS. Indeed, this development signals a growing intersection between established […]
Exciting news for decentralized finance enthusiasts! The Sky protocol, known for its evolution from the MakerDAO framework, has just rolled out its highly anticipated Sky staking program, and the initial results are impressive. If you’re looking for ways to earn crypto passive income, Sky’s new initiative is certainly worth exploring. What is Sky Staking and […]
Attention crypto enthusiasts and DeFi participants! We have significant news from the DeFi space. Sky protocol, a name familiar to many, has just reported its financial results for the first quarter (Q1), and the numbers show a sharp downturn. The protocol posted a substantial $5 million crypto loss, a stark contrast to the $31 million […]
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