Crypto
Sky’s DeFi Protocol Faces $5 Million Deficit Amid Soaring Interest Payments
The first quarter has turned into a loss for Sky, contrasting sharply with the previous quarter's profit, driven by high interest payouts on its new stablecoin.
Crypto
Ether Approaches Major $340 Million Liquidations on MakerDAO
ETH is nearing a significant liquidation threshold as its value has plummeted over the past day.
Crypto
MakerDAO's Rune Christensen Pushes for Decision on Sky Brand Amid Token Holder Poll
Voting among MKR holders suggests a preference for retaining the Sky brand, although engagement in the poll is limited.
Crypto
MakerDAO Considers Abandoning Sky Brand Amid Performance Discontent
The MakerDAO community is set to discuss the possibility of dropping the Sky brand due to its poor performance compared to the CoinDesk 20 index since the rebranding.
