{
Rune Christensen

People

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Sky announces migration from MKR to SKY with new tokenomics and rewards

Sky, formerly MakerDAO, is set to fully migrate from MKR to SKY next year, aiming to eliminate confusion around its token. The new tokenomics will be deflationary, with income used for "buy and burn" strategies, while holders can earn rewards through the Activation and Seal Engine feature. Additionally, plans to onboard new teams to create Stars within the Sky Ecosystem are underway, enhancing opportunities for expansion and liquidity access.
Crypto News Flash
SkyWest, Inc. Rune Christensen
Crypto, Blog Post
11:00 19.12.2024

Allez Labs proposes yield generation for Polygon's stablecoin bridge funds

Allez Labs has proposed a plan to generate approximately $70 million annually from the $1.3 billion in stablecoins held in Polygon's PoS Portal Bridge by utilizing Morpho Vaults for yield generation. The yield will be redirected to Yearn's Ecosystem Incentives Program, enhancing development within Polygon's DeFi ecosystem. This initiative comes amid a resurgence in decentralized finance, with total value locked in the sector nearing 2021 highs of $176 billion.
Cointelegraph
Rune Christensen Show more
Finance & Economy, Market Report
19:27 13.12.2024
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