Sky, the DeFi platform previously known as MakerDAO, is considering returning to its original brand, Maker, after the successful launch of its stablecoin USDS. Concerns have arisen about the potential confusion between the platform's tokens.
Rune Christensen, cofounder of Sky, shared on X that the platform is debating whether to revert to the MakerDAO name. Some users find the dual roles of Sky's name and token confusing, and MKR's renaming to SKY has been controversial.
The community favors the original Maker brand for its stability and security. Many MKR holders resist switching to SKY, preferring the established Maker identity. To resolve this, governance polls will be held to decide on branding and tokenomics.
The roadmap for Sky includes expanding USDS to Ethereum Layer-2s and Solana, integrating with DeFi protocols, and developing products like the Spark Liquidity Layer. Despite USDS's successes, community dissatisfaction over its control functionalities remains.
The platform surpassed $1 billion in USDS supply, reflecting strong demand, with a $700 million increase in total inflows since USDS's launch. Governance polls will guide future branding and tokenomics decisions.
