Crypto Protocol Sky has become the fifth crypto project to launch an offer to help the hyperliquid launch of Perps decentralized Perps and issue a stablecoin.
The co-founder of Sky, the Rune Christensen, published on Monday the proposal of her project to support the stablecoin USDH of hyperliquid, offering Sky resources and promising a customizable token with a yield rivaling with the American cash bills.
“Using Sky to feed the USDH, the hyperliquid community will gain unbeatable advantages that no other Stablecoin project can offer,” said Christensen in his field.
Sky, formerly known as the manufacturer, has created and supports USDS (USDS) and DAI (DAI), respectively the fourth and fifth largest stablecoins which are worth around $ 12.5 billion together, and its proposal joins at least four other cryptographic projects to win the USDH work, which hyperquide published on Friday.
Sky promises a USDH performance, an option for the compliance of the Act on Engineering
Christensen’s broad proposal indicates that Hyperliquid would receive a yield of 4.85% over the entire USDH on its platform, which, according to him, is “significantly higher than the rate of T-Bill”.
He added that the USDH will also be able to convert to and from a version of its Stablecoin USDS which gives its carriers a yield of 4.75% and would be “native multi -huchain” using the crossliny crossed block layer.
The hyperliquid community will also be able to personalize the stablecoin in the context of Sky’s proposal, Christensen giving the example that he could be made to comply with the American laws of Stablecoin under the engineering law, which prohibits stablecoin issuers from paying the yield.
Christensen said Sky would also give $ 25 million to create a project to “grow independently on the hyperliquid”, which will have exclusive tokens that could “potentially bring billions” to the protocol.
Sky offered the fifth for the hyperliquidal
Sky’s proposal is the fifth similar offer for the stablecoin from a large cryptography project after Hyperliquid published on Friday to his discord that he wanted throws of “teams interested in deploying a hyperliquid, native stable native with the Ticker USDH”.
He comes after the first proposal of the native markets, a new company created by the defender of the hyperliquid Max Fiege who would see the Payment Pay of Stablecoin of Stripe.
In relation: Ethereum L2 MEGAETH introduces the stable that to finance the protocol
In the mixture, the Stablecoin Frax protocol, the stablecoin paxos transmitter and the Crypto Agora infrastructure company, with the support of the Crypto Fintech Moonpay.
Vaneck’s CEO calls for hyperliquid
Meanwhile, Jan Van Eck, the CEO of the investment giant Vaneck and the co -founder of the father of the Agora, Nick Van Eck, wrote to X on Monday to call on the hyperliquid community to apparently support the stablecoin offer of his son.
“We would be delighted to be part of the ecosystem of your community,” he wrote. “We have spoken to many main hyperevm manufacturers and continue to seek new ways of contributing to the hyperliquid, whether by this Agora proposal or something else in the future.”
“But we don’t like to be approved in a gang,” said Van Eck. “You wouldn’t want us as a partner if we were easily pushed.”
The hyperliquid validators will vote on their favorite proposal after the next network upgrade, which he has not yet announced.
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