
MakerDAO Governance Confirms Sky Rebrand Will Go Ahead
The project transitioned to the Sky brand identity on Sept. 18, but community members expressed confusion.
The project transitioned to the Sky brand identity on Sept. 18, but community members expressed confusion.
Rune Christensen, founder of Sky (formerly MakerDAO), has proposed a strictly deflationary approach to the protocol’s governance token as the community prepares to vote on whether to revert its brand or not on Nov. 11. Christensen explained that the
It’s been approximately 38 days since Makerdao, the decentralized finance (defi) project, rebranded as Sky and launched both the USDS stablecoin and the SKY token. During this time, more than a billion USDS coins have been minted, and 530 million DAI
KyberSwap has recently integrated the native contracts of SKY and $USDS from the Sky Ecosystem.
According to Sky, DeFi Saver will also provide migration instruments for $MKR and $DAI along with backing $SKY and $USDS.