Sky Q1 lost 5 million USD, due to a 102% rise in the interest expenses of USDS.

BlockBeatNews

2025-05-13 16:34:49

DAI-0,02%

According to BlockBeats news on May 14, as reported by Coindesk, Sky (formerly MakerDAO) lost $5 million 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 made a profit of $31 million. The main reason for the 102% increase in Interest expenses is that Sky decided to drive users to use its newly launched stablecoin Sky Dollar (USDS) through higher incentives, replacing the existing DAI.

View Original

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Comment

0/400

No comments