Sky Supports DAI to USDS Conversion with Ratio 1:1
2024-09-04
Bittime - Sky, previously known as MakerDAO, will support DAI to USDS conversion at a 1:1 ratio. Read this article to find out the full news!
What is USDS Stablecoin?
USDS is a decentralized stablecoin developed by Sky. What makes USDS unique compared to other stablecoins is the ability to offer native rewards without the need to interact with external protocols or relinquish control over the asset.
That way, users can take advantage of the various benefits of USDS while remaining in full control of their funds. With its decentralized nature, USDS promises high security and stability.
Read Also: MakerDAO to Launch NewGovToken (NGT) and NewStable Stablecoin (NST) Tokens
Process Convert DAI to USDS
Starting September 18, eligible users can convert DAI to USDS at a 1:1 ratio.
The conversion process is easy and secure so users can quickly convert to stablecoins and start taking advantage of the benefits offered by USDS.
Users who wish to participate in this program can register via the official Sky website and follow the steps provided there.
Convert DAI to USDS, Got Reward Token SKY
One of the main attractions of USDS is the opportunity to earn SKY token rewards. SKY is Sky's native token that users can earn by providing USDS, without needing to use other products or relinquish control of their assets.
These rewards provide additional incentives for users to switch to USDS. Not only get safe and stable stablecoins, but also get SKY tokens as an added bonus.
Read Also: Potential Bitcoin Price Increase If Stablecoin Issuance Increases!
How to Buy Crypto di Bittime
You can buy and sell crypto assets in an easy and safe way through Bittime. over is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Monitor graphic movement price Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Disclaimer: The views expressed belong exclusively to the author and do not reflect the views of this platform. This platform and its affiliates disclaim any responsibility for the accuracy or suitability of the information provided. It is for informational purposes only and not intended as financial or investment advice.
