TechFlow reports that Sky (formerly MakerDAO) announced this morning that USDS is a decentralized stablecoin with native rewards. Starting September 18, eligible users can upgrade DAI to USDS at a 1:1 ratio, or exchange supported cryptocurrencies for USDS, thereby earning SKY token rewards and Sky Savings Rate. USDS will offer native rewards in two ways:
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First, SKY token rewards: users can earn SKY token rewards by holding USDS without needing to use other products or relinquish control of their assets;
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Second, the Sky Savings Rate: users can grow their USDS holdings through this system, which has a proven track record of successfully securing billions of dollars over the long term.
Eligible users can now register on Sky.money and complete relevant steps to have the opportunity to receive a 100% boost in SKY token rewards.
