Decentralized finance protocols Aave and Sky, formerly known as Maker, are exploring a partnership to bridge the gap between DeFi and traditional finance. The potential partnership, called Sky Ave Force, comes from a governance proposal by Phoenix Labs, a DeFi research and development organization. The offering involves issuing SPK tokens to create a market for USDS, a new stablecoin. Sky AveForce plans to power the Ave v3 market for Sky sUSDS by distributing up to 3.33 million SPK tokens per month. Additionally, it has been proposed to introduce a USDS direct deposit module to the Lido Ave market with an initial debt cap of $100 million. This collaboration has the potential to generate significant synergies between both protocols, establishing USDS as the largest decentralized stablecoin.
Post a Comment
0Comments