SKY, a financial protocol, previously known as MakerDao, threw a hat in the ring to publish the upcoming Stablecoin USDH in Hyper Liquid.
summation
- Previously, SKY, MakerDao, participated in the race to publish a USDH Stablecoin of Hyperliquid.
- This proposal offers liquidity $ 2.2B, 4.85% return and $ 25 million growth.
- September 14 validation votes determine the winners among competitors such as SKY, PAXOS, Frax and Agora.
Rune Christensen, the founder of SKY (SKY), unveiled a proposal in a detailed post of X on September 9 and presented SKY the most experienced and well -established competitor.
The stablecoin contest of the hyperliquid is strengthened
Distributed replacement, Hyper Klicher, announced on September 5 that the community will vote for a voting for the publisher to manage USDH, USDH. Competition has already been made by organizations such as Paxos, Frax Finance (Frax) and Agora.
The validity test voting will be proposed by September 10, September 10, and the high -level process led the hyperclicade’s overall plaza to up to $ 51.92.
SKY’s position raises the rods. The protocol, which has more than $ 8 billion in circulation and collateral for USDS and DAI (DAI) tokens, has become one of the most reliable names in Defi.
SKY’s proposal for USDH
According to Christensen, the partnership is easy to replace the USD Coin (USDC) with immediate constraints of $ 2.2 billion through SKY’s PEG stability module. Stablecoin is basically multi -cheating through Layerzero (ZRO) and extends the scope of hyperclicade by crossing the blockchain.
Perhaps most surprisingly, SKY promised that all USDH in Hyper Licid would generate 4.85% yield than the US Treasury bill, and the proceeds can be dedicated to the repurchase of over -advertising tokens.
Beyond immediate liquidity and profits, SKY promised to grow ecosystems through $ 25 million “Hyperliquid Star.”
The risk management was also the center of this proposal, and the framework emphasizes the framework, pointing out that Christensen is the only Starble-Reconist with S & P credit rating, which modeled the Basel III Bank standard and SKY is currently rated with B-.
The plan also requires SKY to migrate Buryback Engine, which is responsible for $ 250 million in annual profits, and to increase liquidity and exchange protocols more tightly. Christensen emphasized that USDH will inherit the same design as DAI and USD, ensuring transparency and reliability from the beginning.
Competition
SKY is facing fierce competition by positioning Frax Finance and Agora itself, which promises to comply with the public payment apps and promise to return all preliminary revenue to the community, as a neutral alliance of the main partners.
Nevertheless, deep liquidity, attractive profits and proven security results can strongly resonate with the verifier.