@paragraph
Explore the recent plans by SKY to issue 600 million tokens annually to reward USDS depositors. Aimed primarily at enhancing the marketing budget and driving demand for USD deposits in the DSR, this strategy initially appears loss-making, as analysis suggests significant selling pressure on the SKY token may arise. Offering an extra 1.6% yield, it competes with protocols like AAVE and Compound for profitability. A reevaluation of the DSR remuneration and innovative strategies could turn the tide. Learn more from @especulacion’s blogpost.
0 reply
0 recast
0 reaction