Layer3.news — PaperImperium

DEFI SAVINGS PROTOCOL SKY SLUMPS TO $5M LOSS AS USDS INTEREST PAYMENTS WIPE OUT PROFIT

https://s.yimg.com/ny/api/res/1.2/puy3txy7dv.X1R1W3pCN_g--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD04NTI-/https://media.zenfs.com/en/coindesk_75/537c2ac22cc7db64409f8c864c3a58ce

✍️ DeFi savings protocol Sky posted a $5 million loss in the first quarter due to increased interest payments to token holders, a stark turnaround from the previous quarter's $31 million profit.

👉 Sky posted a $5 million loss in the first quarter due to increased interest payments to token holders 👉 The loss is a stark turnaround from the previous quarter's $31 million profit 👉 The protocol's profitability is being hurt by the lack of demand for USDS 👉 Ethena, a synthetic dollar protocol, has piled over $450 million into staked USDS

-- #RuneChristensen #PaperImperium #technology

Loading quoted post…

nostr:nevent1qvzqqqqqqypzqe6z4eqs8a86awpjvnv4ta6zlxnprtyqryxvqpp78vezxxxv0mnpqyd8wumn8ghj7ctjw35kxmr9wvhxcctev4erxtnwv4mhxqpqj8kt0hl83yej4amjcwxsp7665zdjx72wt7xyax3n0q97mah2wmcs05w4la

Rune Christensen PaperImperium technology mainstream:perspective

5/15/2025

npub1q9sxacs…c4xv0e

WHY ONE OF UNISWAP DAO’S MOST OUTSPOKEN MEMBERS JUST WALKED AWAY IN FRUSTRATION

https://cdn.sanity.io/images/s3y3vcno/production/1e16c2a097b31f17e60fd7b6d95722ceb6f39dee-1890x700.png?auto=format

✍️ A top contributor to the Uniswap DAO, Pepo, resigned due to concerns about the nonprofit Uniswap Foundation's lack of transparency and responsiveness to feedback.

👉 Pepo, a top contributor to the Uniswap DAO, resigned due to concerns about the Uniswap Foundation's lack of transparency and responsiveness to feedback. 👉 The Uniswap Foundation was granted $165 million to boost Uniswap ecosystem growth and development, but some feel this gives the foundation too much power and control. 👉 The Uniswap DAO has struggled to balance the interests of token holders with those of other stakeholders, including Uniswap Labs and the Uniswap Foundation. 👉 Some governance participants have complained that major decisions are made privately, rather than publicly on the Uniswap governance forums.