SKY had 3x rise in staking demand in the past 1 month.
Thats one of the highest we've seen in DeFi ecosystem.
Around 9 Billion SKY tokens are staked right now ~ 43% of Circ. Supply.
You can stake SKY to access Rewards in SPK, and USDS with over 14% APY right now.
On side note: A full upgrade of MKR tokens to SKY is happening right now.
Don't miss out rewards you might get with SKY.
Existing MKR holders can upgrade to SKY at the rate of 1:24,000 (1 MKR to 24,000 SKY).
The governance vote starts today. to approve the Delayed Upgrade Penalty.
If passed, it goes live on September 22.
From that date, MKR → SKY upgrades will receive 1% less SKY.
The penalty will increase by 1% every 3 months, eventually reaching 100% over 25 years.
2.69K
0
The content on this page is provided by third parties. Unless otherwise stated, OKX TR is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX TR. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX TR is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.