📢 Gate Square Exclusive: #PUBLIC Creative Contest# Is Now Live!
Join Gate Launchpool Round 297 — PublicAI (PUBLIC) and share your post on Gate Square for a chance to win from a 4,000 $PUBLIC prize pool
🎨 Event Period
Aug 18, 2025, 10:00 – Aug 22, 2025, 16:00 (UTC)
📌 How to Participate
Post original content on Gate Square related to PublicAI (PUBLIC) or the ongoing Launchpool event
Content must be at least 100 words (analysis, tutorials, creative graphics, reviews, etc.)
Add hashtag: #PUBLIC Creative Contest#
Include screenshots of your Launchpool participation (e.g., staking record, reward
Decentralized Finance protocol Sky reported a loss of 5 million USD in the first quarter, with USDS interest expenses surging.
According to the Gate.io News bot and CoinDesk reports, the DeFi savings protocol Sky experienced a loss of $5 million in the first quarter of 2025, in stark contrast to a profit of $31 million in the previous quarter.
Data shows that the interest expenditure of Sky's newly launched stablecoin USDS increased by 102%, due to measures taken by the protocol to attract investors from DAI to USDS. The interest rate of USDS was reduced from 12.5% at the beginning of the year to 4.5% in February.
During this period, the total supply of USDS and DAI increased by 57%. Among them, the Ethena protocol contributed over $450 million in funds, which were used to stake USDS and distribute the earnings to the holders of its stablecoin USDe.