Sky launches executive vote to raise savings rate to 12.5 per cent

Sky has announced that it has initiated an implementation vote and, if passed, the proposed changes to Sky's protocols will take effect 30 hours after approval by the Sky Ecosystem Governance Board, with the impact on users being a change in Savings Rates, with Sky Savings Rates (SSR) to increase to 12.5 per cent and Dai Savings Rates (DSR) to increase to 11.5 per cent. Stabilisation Fee Parameter Updates: ETH Stabilisation Fee will increase to 12.75% for ETH-A, 13.25% for ETH-B and 12.5% for ETH-C; WSTETH Stabilisation Fee will increase to 13.75% for WSTETH-A and 13.5% for WSTETH-B; WBTC Stabilisation Fee will increase to 16.25% for WBTC-A and 16.25% for WBTC-B; and the impact of savings rate changes will be that the Sky Savings Rate (SSR) will increase to 12.5% and the Dai Savings Rate (DSR) will increase to 11.5%. WBTC stabilisation fees will increase to 16.25 per cent for WBTC-A, 16.75 per cent for WBTC-B and 16 per cent for WBTC-C.