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A journalist at Foresight News confirmed they picked up MakerDAO's original handle on social media platform X during its rebrand to Sky.

The co-founder of decentralized finance (DeFi) platform Maker (MKR) says that the rebrand of its stablecoin will have a freeze function but that DAI will continue to operate normally.

MakerDAO Rebrands: In a strategic move to broaden its appeal and streamline operations, MakerDAO, a pioneer in decentralized finance (DeFi), is rebranding itself as “Sky.” This rebranding marks a significant evolution for the platform, co-founded by Rune Christensen, as it seeks to reinforce its position in the DeFi space while

MakerDAO has undergone a significant transformation, rebranding itself as Sky Protocol and enhancing its platform.

The DeFi project MakerDAO changes its name to Sky

Based on its description, the USDS stablecoin will have a function that allows its issuer to freeze the token.

Maker Protocol rebrands as Sky, introducing new stablecoin USDS and governance token SKY to enhance accessibility and lead the next evolution of decentralized finance.

Just a day after MakerDAO rebranded to Sky, the community has been debating the implications of the new freeze function. MakerDAO co-founder Rune Christensen steps in to provide clarity.

In a move to bolster the usage and adoption of its decentralized finance (DeFi) lending platform, MakerDAO is undergoing a significant rebranding. The lending protocol, founded by Rune Christensen in 2014, will now be known as ‘Sky', a shift aimed at appealing to a wider user base.

On August 27, MakerDAO, a leading name in decentralized finance (DeFi), announced its rebranding as “Sky” as part of its broader strategy to enhance the protocol's scalability and accessibility.

MakerDAO's rebrand to Sky is the first phase of the ‘Endgame Plan', aimed at completely overhauling its governance.

The decentralized finance platform MakerDAO has been rebranded into Sky protocol, improving its functionalities. According to an official announcement, its tokens also got new names: DAI stablecoin, now USDS, while the MKR token changed to SKY.

According to an announcement made on August 27 by MakerDAO Co-Founder Rune Christensen, Sky is the next phase in the evolution of MakerDAO, and is scheduled for launch on September 18.

The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.

TL;DR MakerDAO is transforming into Sky and will launch new tokens, USDS and SKY, on September 18, 2024, as part of the “Endgame Plan.” USDS will replace DAI and SKY will replace MKR, with a conversion rate of 24,000 SKY per MKR, and will offer new functionalities.

MakerDAO has rebranded into SKY and introduced two upgraded tokens, including a decentralized stablecoin.

After the launch of the new SKY tokens on September 18, MakerDAO will introduce a Smart Burn Engine designed to focus its liquidity on the SKY/USDS market.

The project's existing cryptocurrencies will remain in circulation, though users will have the option to convert their tokens.

MakerDAO has rebranded to Sky Protocol, renaming tokens on one of cryptocurrency's largest decentralized finance platforms. The crypto lender revealed the rebranding of Maker (MKR) in an announcement on Aug.

The decentralized finance (defi) lending platform Makerdao is embracing a new identity, rebranding as Sky, according to co-founder Rune Christensen. Along with the fresh name, the platform will introduce two new assets: a stablecoin dubbed USDS and a governance token named SKY, both slated for a mid-September launch.

In a strategic move to accelerate decentralized finance (DeFi) adoption, Maker Protocol has undergone a rebranding and is now known as Sky. Alongside the new name, the protocol has introduced new titles for its governance tokens and an enhanced version of its stablecoin, DAI.

Sky's rebranding and new tokens aim to enhance regulatory compliance and mainstream adoption, potentially reshaping decentralized finance. The post MakerDAO rebrands as Sky, reveals new stablecoin and governance token appeared first on Crypto Briefing.

DAI holders will be able to upgrade to USDS 1:1, while MKR holders can convert to SKY at a 1:24,000 ratio.

MakerDAO has rebranded to Sky and announced the names of its upcoming upgraded tokens, USDS and SKY, set for September 18. The release of the names follows its recent confirmation of upgrades to its token ecosystem.