We are excited to announce that SKY and USDS are now available for trading on Kraken!
Financing and trading
Trading for SKY and USDS will be live from 4:00 p.m. UTC today, October 2, 2024.
To add an asset to your Kraken account, go to Funding, select the asset you are looking for and click “Deposit”.
Make sure to deposit your tokens on networks supported by Kraken. Deposits made via other networks will be lost.
The new tokens are tradable on Kraken and Kraken Pro with the following parameters:
| Active | Pair | Decimal price precision | Minimum order size | Minimum deposit |
|---|---|---|---|---|
| SKY | USD, EUR | 5 | 5 | 5 |
| USDS | USD, EUR | 5 | 100 | 100 |
Note:
- Trading through Kraken App and Instant Buy will be available once liquidity conditions are met. (when enough buyers and sellers have entered the market for their orders to be effectively matched).
- SKY is not available in DE.
- USDS is not available in CA, DE, BE, EL, LT, PT, BG, ES, LU, RO, CZ, FR, HU, SI, DK, HR, MT, SK, DE, IT, NL, FI , EE. , CY, AT, SE, IE, LV, PL, IS, NO, LI.
Here is some additional information about these assets:
SKY – SKY is the governance token of the Sky ecosystem, replacing Maker’s MKR token at a rate of 1:24,000. It allows users to participate in decentralized governance, trade for USDS, and accumulate rewards via the Sky Token Rewards module. SKY holders can vote on updates and changes to the protocol, and this will also serve as a mechanism for earning activation token rewards in the future.
USDS – USDS, formerly DAI, is the decentralized Sky Protocol stablecoin, designed to maintain a soft peg to the US dollar. It allows users to participate in Sky’s ecosystem, for example by earning rewards through the Sky Savings Rate, without giving up control of their funds. USDS is an enhanced version of DAI, backed by excess collateral, and powers the permissionless, non-custodial Sky Protocol, allowing users to trade, save and earn rewards.
Ready to trade but don’t have a Kraken account yet? Register today!
Will Kraken make more assets available?
Yes! But our policy is not to reveal any details until shortly before launch, including which assets we are considering. All available Kraken tokens can be found here, and all future tokens will be announced on Kraken’s blog and social media profiles. Our customer engagement specialists cannot answer any questions about what assets we might make available in the future.
These materials are intended for general information purposes only and do not constitute investment advice or a recommendation or solicitation to buy, sell, stake or hold any crypto-asset or to engage in any trading strategy. specific trading. Kraken makes no representations or warranties of any kind, express or implied, as to the accuracy, completeness, timeliness, suitability or validity of this information and shall not be liable for any errors, omissions or delays. in this information or for any loss, injury or damage resulting from its display or use. Kraken does not and will not endeavor to increase or decrease the price of any particular crypto-asset it makes available. Some crypto products and markets are unregulated and you may not be protected by government compensation and/or regulatory protection programs. The unpredictable nature of crypto-asset markets can result in losses of funds. Tax may be payable on any returns and/or increases in the value of your cryptoassets and you should seek independent advice on your tax situation. Geographic restrictions may apply.
