When it comes to decentralized finance (DeFi), the explosive growth seems almost inevitable. For example, Sky is currently investing $2 million per month to encourage traders to exchange their assets for USDS and utilize it within the DeFi ecosystem. This initiative is led by Rooter, the anonymous figurehead of the borrow and lend protocol Save, which is distributing 400,000 USDS monthly to suppliers of this new stablecoin.
DeFi continues to revolutionize the financial landscape, offering innovative solutions and opportunities for users worldwide. The ongoing developments within the DeFi space are reshaping traditional financial practices and paving the way for a more decentralized, transparent, and accessible financial future.
