The governance token of the Sky protocol has seen a notable increase in prices in the last 24 hours, increasing by more than 8% as the betting rewards for the Token launched.
The Heaven (Sky) file, which recently became the only government record of the Heaven Ecosystem Protocol after a Change of life Maker (Mkr), classified among the main winners, since the price shot at a maximum of $ 0.073. A significant part of the profits for Sky occurred in the middle of the announcement of the decentralized finance platform that the rewards with the USDS Stablecoin were now live for Sky Stakers.
Sky increased abruptly at least $ 0.065 to break over $ 0.073, recovering most of the losses observed when the Altcoin submerged next to the broader market on May 29.
Bet on Sky is going to live after the approval of Token to become the only government tab of the protocol on May 19. Users have to update their Sky tokens to enjoy features such as continuing in governance and pole To obtain rewards in their sky chips.
With the launch of USDS Rewards for Sky Staking, headlines can now win based on the Sky protocol performance. In this case, holders can obtain half of the surplus income of USDS.
The USDS Stablecoin, previously Dai, is the improved Sky protocol token that is linked to the US dollar. Network participants obtain rewards through Sky’s savings rate while maintaining control of their assets.
MKR holders have the opportunity to update and exchange their Sky tokens, offered at a fixed 1 mkr rate for 24,000 Sky. Sky Protocol will apply a time -based penalty from September 18, 2025, for users who have not updated by then. The Token MKR quoted $ 1,679.
Sky remains a leading loan protocol Defi despite his change of Maker brand. By data from DefillThe total value blocked in the protocol is currently $ 5.21 billion.