CoinVoice has recently learned that, according to a report by Coindesk, Sky (formerly MakerDAO) lost 5 million dollars in the first quarter of this year, due to a doubling of interest paid to token holders.

This loss stands in stark contrast to the previous quarter, when Sky achieved a profit of 31 million dollars. The primary reason for the 102% increase in interest expenses is that Sky decided to encourage users to adopt its newly launched stablecoin Sky Dollar (USDS) through higher incentives, replacing the existing DAI.[Original link]