Aave and Sky forge alliance to turbocharge the DeFi ecosystem

Aave introduced a proposal on Aug. 28 to include Sky’s new token Sky Dollar (USDS) and Savings Sky Dollar (sUSDS), the upgraded versions of the protocol’s stablecoin DAI and Savings DAI.

If approved, the proposal would provide all the features DAI and sDAI already have within Aave, including the possibility of being used as collateral, borrowed, and swapped through Paraswap.

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