Sky has been hit with a staggering liquidation of over $100 million in Ether (ETH) after a sharp market downturn triggered by fresh U.S. trade tensions. On April 6, the price of ETH plummeted by approximately 14%, dragging it down to $1,487 and triggering the forced liquidation of a colossal ...
A recent 30,098 ETH deposit valued at approximately $56 million into the decentralized finance (DeFi) protocol Sky has sparked speculation about the Ethereum Foundation’s (EF) involvement. However, Ethereum developers and industry figures have rejected the claims, asserting that the wallet behind the transaction does not belong to the foundation. The ...
DeFi protocol Sky, formerly Maker, has launched its stablecoin, USDS, on the Solana blockchain. Announced on November 19, the rollout establishes USDS as Solana's first major DeFi-native stablecoin, broadening opportunities for lending, borrowing, and trading within the ecosystem. Sky described the launch as a pivotal step in its mission to ...
The DeFi protocol Sky team’s proposal to revert to its former brand name, Maker, was blocked by a small group of token “whales” in a governance vote on November 8. The proposal sought to reintroduce the Maker brand with a limited refresh to address community concerns about the recent rebranding ...
