Sky (formerly MakerDAO) proposed to integrate sUSDS and USDS into the Aave ecosystem

ChainCatcher news, Sky (formerly MakerDAO) has proposed an important initiative aimed at integrating Sky (formerly MakerDAO) protocol's USDS and sUSDS (the rebranded DAI and sDAI) into the Aave ecosystem. The proposal mainly includes two aspects:

• First, users supplying sUSDS on the Aave V3 main market will be eligible to participate in a monthly pre-mined airdrop incentive program of 3.33 million SPK tokens;
• Second, it is proposed to deploy a USDS D3M with an initial debt ceiling of $100 million to Aave's Lido-specific market.

MakerDAO stated that this is the first step towards establishing a deeper relationship with Aave, aiming to position both protocols as the core of scalable DeFi. The Aave team has agreed to share the revenue from the sUSDS and USDS markets with Spark on a 50/50 basis. Additionally, the proposal includes measures to prevent the looping of dollar stablecoins, as well as an operational plan allowing governance coordinators to quickly adjust market exposure through a multi-signature wallet. Upon approval of the governance process, these two proposals will be implemented at the earliest feasible opportunity after the launch of USDS and sUSDS tokens on September 18. The SPK reward program will commence at the block when the market is incorporated into the Aave V3 main market.