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Top asset management team helps you profit without hassle
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🚨 Alert: Sky's SparkLend removes collateral assets sUSDS and sDAI ⚠️💥
- Sky (formerly known as MakerDAO), has proposed to stop using sUSDS and sDAI as collateral assets on SparkLend, while also adjusting the interest rate model for PYUSD.
1. The supply limit for sUSDS and sDAI will be set to 1, the LTV ratio will be reduced to 0%, protecting users from potential liquidity risks.
2. This move comes after a low usage level of these assets as collateral has been recorded.
3. The PYUSD interest rate model will be raised to the Sky Savings Rate (SSR), helping to stabilize loan interest rates and improve the circulation of PYUSD.
4. This change aims to strengthen the stability and efficiency of the protocol, especially in the context of crypto ETF funds being widely accepted.
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