📢 Exclusive on Gate Square — #PROVE Creative Contest# is Now Live!
CandyDrop × Succinct (PROVE) — Trade to share 200,000 PROVE 👉 https://www.gate.com/announcements/article/46469
Futures Lucky Draw Challenge: Guaranteed 1 PROVE Airdrop per User 👉 https://www.gate.com/announcements/article/46491
🎁 Endless creativity · Rewards keep coming — Post to share 300 PROVE!
📅 Event PeriodAugust 12, 2025, 04:00 – August 17, 2025, 16:00 UTC
📌 How to Participate
1.Publish original content on Gate Square related to PROVE or the above activities (minimum 100 words; any format: analysis, tutorial, creativ
Sky Q1 reported a loss of $5 million due to a 102% rise in incentive USDS interest expenses.
Golden Finance reports that, according to a report compiled by contributors from Steakhouse Financial, Sky (formerly MakerDAO) lost 5 million dollars 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 posted a profit of $31 million. The primary reason for the 102% increase in interest expenses is that Sky decided to drive users to adopt its newly launched stablecoin Sky Dollar (USDS) through higher incentives, replacing the existing DAI.