🔄 Morpho Launches Leveraged stUSDS Positions
🔄 Morpho Launches Leveraged stUSDS Positions
🔄 Leverage Your stUSDS
Morpho has launched two new products for Sky's USDS ecosystem:
USDS Vault
- Now live on Ethereum
- Accessible at app.morpho.org
stUSDS/USDS Market
- Enables leveraged stUSDS positions
- Users can supply stUSDS, borrow USDS, and loop back into stUSDS
- Increases exposure to stUSDS yields
- Available at app.morpho.org
Launch Incentives
- 30,000 USDS allocated for USDS suppliers during launch week
The integration allows stUSDS holders to amplify their positions through borrowing and re-staking strategies.
Binance Adds Native USDS Support, Automatically Converts DAI Holdings
Binance is implementing native USDS support across its platform, marking a significant expansion for the stablecoin's accessibility. **Key Details:** - DAI holders on Binance will be automatically upgraded to USDS at a 1:1 ratio - DAI trading pairs close on April 7th - USDS pairs launch on April 9th - USDS will be integrated across multiple Binance services including trading pairs, Earn products, Margin, and Pay The transition represents a complete platform-wide upgrade from DAI to USDS functionality. Users holding DAI will see their balances converted seamlessly without requiring manual action. [Full Binance announcement](https://www.binance.com/en/support/announcement/detail/df2ce9c43b1d406ca2c4b14e4e34610a?utm_source=EnglishTelegram&utm_medium=GlobalCommunity&utm_campaign=AnnouncementBot)
Stablewatch Joins Sky Ecosystem as Core Risk & Data Engine Contributor
Stablewatch has officially joined the Sky Ecosystem as a core contributor to its Risk & Data Engine. This partnership strengthens Sky's infrastructure for managing risk and data analytics within its decentralized savings platform. Sky enables users to earn rewards through non-custodial saving with USDS. The addition of Stablewatch's expertise signals Sky's continued focus on building robust risk management systems as the ecosystem grows.
Sky Frontier Foundation Seeks Head of Legal to Shape DeFi Governance
The **Sky Frontier Foundation** is recruiting a **Head of Legal** to oversee legal operations across its DeFi ecosystem. **Key Responsibilities:** - Design legal architecture and governance structures - Manage entity frameworks and external counsel relationships - Shape legal strategy for one of DeFi's established platforms This is a foundational role offering the opportunity to build legal infrastructure from the ground up within the Sky ecosystem. **Security Note:** Sky does not recruit via LinkedIn. Report suspicious job offers on their [Discord server](http://discord.gg/skyecosystem). [Apply here](https://jobs.ashbyhq.com/skyecosystem)
Sky Protocol Accelerates Token Buybacks with 154M SKY Purchase in November
**Sky Protocol** significantly ramped up its token buyback program in November, purchasing **154 million SKY tokens** using 7.8 million USDS. This represents a major increase from the previous week's 40.5 million SKY buyback using 1.9 million USDS. **Key metrics:** - Total program buybacks now exceed **88 million USDS** - November's activity shows accelerated pace - All buybacks follow decentralized mechanism The buyback program operates through Sky Protocol's **Smart Burn Engine**, with parameters defined in the Sky Atlas and approved by Sky Ecosystem Governance. View real-time buyback activity at [Sky Protocol's dashboard](https://info.sky.money/buyback/activity/)