Sky introduces a next-generation stable crypto asset on the Solana platform

Sky, formerly known as Maker, launches the USDS stablecoin on the Solana platform. A reward of $500,000 is available for early users.

The first major digital asset in this ecosystem

The new digital currency becomes an important element of the platform, providing users with access to tools for lending, borrowing, and trading. In the future, the implementation of a cross-chain bridge is planned, connecting the main version with its savings model, expanding capabilities and convenience for participants.

Rewards for early users

A bonus program has been launched, offering up to 200,000 tokens weekly for liquidity providers, 100,000 tokens for users, and 400,000 tokens monthly for participants. This initiative aims to attract new users and build trust in the platform.

Why USDS?

The updated asset is a reworked version of the Dai (DAI) digital token, whose value is pegged at $1. The rebranding and launch on a new platform are part of the company’s strategy to increase its market share. It currently ranks third in market capitalization ($5.3 billion), behind only USDT and USDC.

Technological breakthrough

The implementation of the Wormhole Native Token Transfer (NTT) protocol ensures seamless system operation within the ecosystem. This solution is especially valuable for active users who prioritize simplicity and high transaction speeds.