Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
Sky Q1 lost 5 million USD, due to a 102% rise in the interest expenses of USDS.
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.