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

2025-05-13 16:34:49

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.

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GateUser-52fb27e6

· 05-13 16:50

Hurry up and enter a position!🚗

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