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.
MakerDAO may revert its Sky rebrand as the SKY token struggles, with only 8% MKR tokens converted. Meanwhile, the USDS stablecoin launch was successful with $1.2B supply. The community leans towards sticking with the original Maker brand, with a governance vote on the brand direction set for November 4th.
