Hassan Maishera
On Friday, the Wormhole team announced via a blog post that the Sky ecosystem’s tokens are now powered by Wormhole NTT (Native Token Transfers). The USDS stablecoin and the SKY governance token will all leverage Wormhole’s NTT framework, making them natively multichain and available on both Ethereum and Solana, with more expansion to come.
By integrating with NTT, Sky can easily take its flagship assets multichain on a framework that is designed to be flexible and support long-term protocol growth as it expands across chains.
Wormhole is a decentralized bridge between blockchains that enables the transfer of assets and data across different blockchain networks. It aims to facilitate interoperability and expand the capabilities of blockchain technology. W is trading at $0.2390, up 4% in the last 24 hours.
MakerDAO (now known as Sky) is a Decentralized Finance (DeFi) project with a crypto-collateralized, stablecoin DAI pegged to the US dollar. Its community manages the coin via a Decentralized Autonomous Organization (DAO). MKR is trading at $1,603, up 1% in the last 24 hours.
