We’re thrilled to announce that SKY and USDS are actually accessible for buying and selling on Kraken!
Funding and buying and selling
Buying and selling for SKY and USDS might be reside as of 16:00 PM UTC at the moment, October 2, 2024.
So as to add an asset to your Kraken account, navigate to Funding, choose the asset you’re after, and hit ‘Deposit’.
Make sure that to deposit your tokens into networks supported by Kraken. Deposits made utilizing different networks might be misplaced.
The brand new tokens are tradeable on Kraken and Kraken Professional with the next parameters:
| Asset | Pair | Value decimal precision | Minimal order measurement | Minimal deposit |
|---|---|---|---|---|
| SKY | USD, EUR | 5 | 5 | 5 |
| USDS | USD, EUR | 5 | 100 | 100 |
Be aware:
- Buying and selling through Kraken App and On the spot Purchase might be accessible as soon as the liquidity circumstances are met (when a ample variety of consumers and sellers have entered the marketplace for their orders to be effectively matched).
- SKY shouldn’t be accessible in DE.
- USDS shouldn’t be accessible 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.
Right here’s some extra details about these belongings:
SKY – SKY is the governance token of the Sky Ecosystem, changing Maker’s MKR token at a fee of 1:24,000. It allows customers to take part in decentralized governance, commerce for USDS, and accumulate rewards by way of the Sky Token Rewards module. Holders of SKY can vote on protocol updates and adjustments, and it’ll additionally function the mechanism for incomes Activation Token Rewards sooner or later.
USDS – USDS, previously DAI, is the stablecoin of the decentralized Sky Protocol, designed to keep up a gentle peg to the U.S. greenback. It permits customers to take part in Sky’s ecosystem, resembling incomes rewards by way of the Sky Financial savings Price, with out giving up management of their funds. USDS is an upgraded model of DAI, backed by surplus collateral, and powers the permissionless, non-custodial Sky Protocol, enabling customers to commerce, save, and earn rewards.
Able to commerce however don’t have a Kraken account but? Join at the moment!
Will Kraken make extra belongings accessible?
Sure! However our coverage is to by no means reveal any particulars till shortly earlier than launch – together with which belongings we’re contemplating. All of Kraken’s accessible tokens might be discovered right here, and all future tokens might be introduced on Kraken’s weblog and social media profiles. Our consumer engagement specialists can’t reply any questions on which belongings we could also be making accessible sooner or later.
These supplies are for basic data functions solely and are usually not funding recommendation or a advice or solicitation to purchase, promote, stake, or maintain any cryptoasset or to have interaction in any particular buying and selling technique. Kraken makes no illustration or guarantee of any form, categorical or implied, as to the accuracy, completeness, timeliness, suitability or validity of any such data and won’t be accountable for any errors, omissions, or delays on this data or any losses, accidents, or damages arising from its show or use. Kraken doesn’t and won’t work to extend or lower the value of any explicit cryptoasset it makes accessible. Some crypto merchandise and markets are unregulated, and also you will not be protected by authorities compensation and/or regulatory safety schemes. The unpredictable nature of the cryptoasset markets can result in lack of funds. Tax could also be payable on any return and/or on any enhance within the worth of your cryptoassets and it’s best to search unbiased recommendation in your taxation place. Geographic restrictions might apply.
