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Sky Protocol has launched its SKY token on the Optimism network, aiming to enhance DeFi efficiency and governance. The move includes staking rewards and a full transition from MKR to SKY in the Sky DAO. This strategic shift is set to redefine the protocol’s role in the crypto ecosystem.
- SKY token replaces MKR in Sky DAO, offering staking rewards and governance rights with a 50% revenue share.
- USDS stablecoin surpasses DAI with 9 billion in circulation, becoming a top stablecoin in early 2025.
- Optimism launch enables faster, cheaper transactions, driving SKY’s trading volume to over $11 million daily.
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