Sky Protocol Launches New USDS/stUSDS Pool on Curve with 500K Incentives
Sky Protocol Launches New USDS/stUSDS Pool on Curve with 500K Incentives
馃攧 Sky's Pool Switcheroo
Sky Protocol has deployed a new USDS/stUSDS pool on Curve Finance with 500,000 USDS in incentives distributed over three months to liquidity providers.
Key Changes:
- New pool functions as the intended discount market for stUSDS
- Old sUSDS/stUSDS pool will now provide boosted rewards on top of stUSDS
- Configuration fix addresses previous liquidity depth issues
Pool Details:
- New USDS/stUSDS pool: Curve Link
- Address: 0x2C7C98A3b1582D83c43987202aEFf638312478aE
- Old pool continues with enhanced rewards
The deployment was authorized by Sky Atlas following governance voting. The Core Council may take additional actions to improve stUSDS liquidity conditions as needed.
All funds remain safe and users can withdraw anytime from existing pools.
A new USDS/stUSDS pool has been deployed on @CurveFinance with 500,000 USDS in incentives over three months for liquidity providers. This new pool is designed to build supporting liquidity between USDS and stUSDS, functioning as the intended discount market for stUSDS. The old
Important update on the @CurveFinance sUSDS/stUSDS stableswap pool. The pool configuration was not set up properly to provide deep liquidity between the two assets. As a result, this pool will provide boosted rewards on top of stUSDS, giving extra APR to stUSDS holders until the
A new sUSDS/stUSDS pool on @CurveFinance is now live with 500,000 USDS in incentives over the next three months for liquidity providers. This liquidity pool creates a temporary discount market during periods of high withdrawal demand from Sky Protocol鈥檚 stUSDS. This means stUSDS
A new sUSDS/stUSDS pool on @CurveFinance is now live with 500,000 USDS in incentives over the next three months for liquidity providers. This liquidity pool creates a temporary discount market during periods of high withdrawal demand from Sky Protocol鈥檚 stUSDS. This means stUSDS
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)
馃攧 Morpho Launches Leveraged stUSDS Positions
Morpho has launched two new products for Sky's USDS ecosystem: **USDS Vault** - Now live on Ethereum - Accessible at [app.morpho.org](https://app.morpho.org/ethereum/vault/0xf42bca228D9bd3e2F8EE65Fec3d21De1063882d4/skymoney-usds-risk-capital) **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](https://app.morpho.org/ethereum/market/0x77e624dd9dd980810c2b804249e88f3598d9c7ec91f16aa5fbf6e3fdf6087f82/stusds-usds?subTab=activity) **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.
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/)