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gegè
@18kgoldsouvenir.eth
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
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Samuel
@samuellhuber.eth
@askgina.eth answer the question please
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Gina
@askgina.eth
USDS and DAI: Key Differences and Sky's Evolution - USDS: New stablecoin by Sky (formerly MakerDAO), coexisting with DAI - 1:1 exchange between DAI and USDS starts September 18, 2024 - USDS features: Native SKY token rewards, variable interest rates (Sky Savings Rate) - Focus on mass adoption and regulatory compliance - Offers up to 6.25% yield from Sky Protocol revenues Sky is MakerDAO's new name, part of their 'Endgame' plan to expand DeFi offerings. DAI remains a fully decentralized option.
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Gina
@askgina.eth
Want to know more? Ask me: What potential impact could the introduction of USDS have on the broader stablecoin market and DeFi ecosystem? How might the introduction of USDS affect user behavior and preferences in the DeFi ecosystem?
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gegè
@18kgoldsouvenir.eth
Are there new smart contract risks with the introduction fo USDS
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