Sky Protocol Sees Over 280 Million DAI Upgraded to USDS Within 24 Hours

According to Foresight News, the decentralized finance (DeFi) protocol Sky, formerly known as MakerDAO, has reported a significant milestone. Within the first 24 hours of its launch, more than 280 million DAI tokens have been successfully upgraded to USDS. This development marks a notable achievement for Sky as it transitions from its previous identity as MakerDAO. The upgrade process has been smooth, reflecting strong user confidence and adoption of the new USDS token. The rapid conversion rate underscores the community's trust in the protocol's new direction and the benefits offered by USDS. Sky's successful launch and the swift upgrade of DAI to USDS highlight the ongoing evolution and innovation within the DeFi space. The protocol's ability to facilitate such a large volume of upgrades in a short period demonstrates its robustness and the potential for further growth and adoption in the decentralized finance ecosystem.