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Sky Governance announced on April 7th the proposal of two structural upgrade plans aimed at strengthening the protocol's capital protection framework. The two proposals are: implementing a stronger solvency buffer mechanism and adopting a more sustainable staking reward model, with the goal of consolidating the protocol's long-term stability and prioritizing credibility over short-term gains.
Sky Protocol stated that its yield-bearing stablecoin sUSDS is the largest in its category and attributed this success to the protocol's unique risk positioning compared to competitors.