Earning Growth Points can win an iPhone 16?
Gate Post Growth Points Summer Lucky Draw Round 1️⃣ 1️⃣ Is Live!
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1️⃣ Go to [Post], tap the icon next to your avatar to enter [Community Center]
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Sky Q1 reported a loss of $5 million due to a 102% rise in incentive USDS interest expenses.
Golden Finance reports that, according to a report compiled by contributors from Steakhouse Financial, Sky (formerly MakerDAO) lost 5 million dollars in the first quarter of this year due to the doubling of Interest paid to Token holders. This loss contrasts sharply with the previous quarter, when Sky posted a profit of $31 million. The primary reason for the 102% increase in interest expenses is that Sky decided to drive users to adopt its newly launched stablecoin Sky Dollar (USDS) through higher incentives, replacing the existing DAI.