Sky launches USDS stablecoin on Solana, marking a key DeFi milestone.
Solana traders are investing in USDS, a new stablecoin by Sky, attracted by its yields.
Sky launches the USDS stablecoin on Solana, providing $500,000 in rewards for early adopters and liquidity providers, emphasizing their DeFi commitment.
Sky launches USDS stablecoin on Solana, offering $500,000 in rewards for early adopters and liquidity providers.
Sky launches USDS stablecoin on Solana, marking a new multi-chain era for DeFi.
Sky will not revert to its original Maker label after a community vote, highlighting governance centralization issues in MakerDAO. Large stakeholders influenced the decision, which aligns with the "Endgame" strategy to enhance competitiveness and resilience. The rebranding plans to introduce new stablecoins and governance structures under the Sky identity.
Whale investors have rejected a proposal to rebrand DeFi protocol Sky back to Maker in a decisive governance vote.
Four major MKR token holders held 98% of voting power, ensuring the DeFi protocol Sky retains its name instead of reverting to Maker.
Whale voters with majority power stopped the plan to rebrand DeFi protocol Sky back to Maker, using 98% of the voting control favoring the current name.
A proposal to revert DeFi protocol Sky back to its original name, Maker, was rejected. Four MKR whales held 98% of the voting power, favoring the Sky rebrand.
Sky's USDS has become the third-largest stablecoin, taking the position previously held by DAI, with major voting influence from four entities in MakerDAO’s rebranding process.
Rune Christensen suggests stopping token emissions for Sky to follow MakerDAO’s deflationary approach.
Sky co-founder Rune Christensen suggests stopping token emissions to adopt a deflationary model in line with MakerDAO’s supply reduction goals.
Rune Christensen suggests a deflationary model for Sky by stopping token emissions, aligning with MakerDAO's original vision of reducing supply.
Maker's co-founder, Rune Christensen, introduces key governance updates potentially altering the project's trajectory. With strategic rebranding efforts shifting from Maker to Sky, challenges persist in boosting the conversion rate of the SKY token.
Maker's rebranding to Sky has led to a nearly 50% decline in its value, sparking discussions about strategic and market positioning challenges. Founder Rune Christensen admitted to some mistakes.
Rune Christensen admits error in Maker's rebranding as Sky.
Sky, formerly MakerDAO, considers reverting to the Maker brand following USDS stablecoin success. Concerns over name confusion and token roles with SKY prompt community deliberations on the branding. Plans include governance polls and potential changes, as USDS records significant growth, raising questions about control in decentralized systems.
Maker has transitioned to Sky with a dual-token system, sparking community concerns about its brand shift.
Rune Christensen, co-founder of Sky, proposes a community approach to address the dynamics between Sky tokens and the Maker brand. His proposal aims to resolve ongoing uncertainties in their relationship and outlines potential future directions for MKR in the DeFi space.
The community is reconsidering the rebrand from Maker to Sky, which took place two months ago as part of the Endgame overhaul, due to resistance.
Maker, which rebranded to Sky recently, is considering reverting to its original name, Maker, due to resistance within the community.
Sky considers rebranding options with founder Rune Christensen; community call scheduled for Friday.
Sky, previously known as Makerdao, has minted over 1 billion USDS stablecoins since its rebranding 38 days ago. Additionally, 530 million DAI have been converted to USDS during this period.
Aave and Maker, now Sky, are generating substantial revenue as they evolve from DeFi pioneers into businesses.
Sky Adviser BA Labs recommends pausing any further changes to the offboarding of wrapped Bitcoin (WBTC) following a vote from Sky community members and input from Bitgo CEO Mike Belshe.
Sky reconsiders its decision to offboard Wrapped Bitcoin (WBTC) as collateral in its lending protocol after BA Labs' recommendation.
Sky rethinks plan to offboard WBTC after resolving concerns about Justin Sun’s role in its custody.
Sky reevaluates its decision to remove WBTC after addressing concerns related to Justin Sun's involvement. A new vote is scheduled for October 3.
Sky rethinking plan to offboard WBTC after discussion with BitGo CEO. Concerns about Justin Sun’s role in Wrapped Bitcoin custody are resolved, and a new vote is set for Oct. 3.
Sky rethinking plan to offboard WBTC after discussion with BitGo CEO and resolution of concerns about Justin Sun’s role in custody. New vote is set for Oct. 3.
