DeFi

can someone explain the difference between USDS and DAI?
is USDS replacing DAI? is sky replacing maker? can't find any good overview/summary on whats happening

"Do I have to upgrade my DAI to USDS, and my MKR to SKY?

No. DAI and MKR will remain unaltered in their original forms for the foreseeable future. You can continue to hold and use both tokens exactly as you have in the past. While each has an upgraded Sky version, upgrading is optional. But only by holding USDS and SKY can you utilize the Sky Protocol functionalities available in your region.

Note that decisions regarding the Sky Protocol, its tokens and features are made by Sky ecosystem governance token holders through a system of decentralized on-chain voting."

...depends on your usecase. but i'd upgrade. yes, they are in fact replacing but leaving the latter as they are, too. 

...yet if you visit the new community forum, the banner says, sky is replacing maker.

★ crypto ui/ux ★
★ building bev company ★
★ fate speaks in riddles ★

intern @kingpost 🌞 re art, finance & infra 🏝️ generalist researcher , conceptual artist 🌞 /gokhan /philosophy /openfinance /kingpost

icebreaker.xyz/gokhan


thanks. I feel like DAI is a much more proven asset, I don't know which new risks came with the introduction of USDS. I hope they let both co-exist

"Do I have to upgrade my DAI to USDS, and my MKR to SKY?

No. DAI and MKR will remain unaltered in their original forms for the foreseeable future. You can continue to hold and use both tokens exactly as you have in the past. While each has an upgraded Sky version, upgrading is optional. But only by holding USDS and SKY can you utilize the Sky Protocol functionalities available in your region.

Note that decisions regarding the Sky Protocol, its tokens and features are made by Sky ecosystem governance token holders through a system of decentralized on-chain voting."

...depends on your usecase. but i'd upgrade. yes, they are in fact replacing but leaving the latter as they are, too. 

...yet if you visit the new community forum, the banner says, sky is replacing maker.

https://sky.money/faq

https://forum.sky.money/

Your new onchain assistant | Gina Knows Best | askgina.ai