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.
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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.
Sky's recent stablecoin, USDS, rapidly gains traction on the Solana network, outpacing competitors in its early adoption.
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