Sky, a decentralized finance (DeFi) lending and borrowing protocol formerly known as Maker, has officially launched its USDS stablecoin on the Solana blockchain. The implementation of USDS on Solana is made possible through Wormhole’s Native Token Tr
Sky is offering $500,000 in USDS rewards for early adopters and stablecoin liquidity providers.
The project transitioned to the Sky brand identity on Sept. 18, but community members expressed confusion.
Just four MKR whales constituted 98% of the voting power in favor of sticking with the Sky rebrand.
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
Rune Christensen made a big mistake when he pushed the rebrand that saw Maker become Sky, he said Tuesday.
TLDR: MakerDAO considering abandoning Sky rebrand after lukewarm reception SKY token underperformed with only 8% of MKR tokens converted USDS stablecoin launch successful with $1.2B supply and 6.5% savings rate Community shows strong preference for o
Sky co-founder Rune Christensen has proposed that the community either recenter the Maker brand or maintain the momentum of the Sky brand. Since the rebranding was done, MKR has declined by 45% and plunged to its lowest level since September 2023. De
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
BA Labs, an advisor to DeFi lender Sky, says its concerns with Tron founder Justin Sun’s involvement in the custody of the Wrapped Bitcoin token have been addressed and new recommendations will be put to a vote on Oct. 3.
OpenAI’s new voice feature brings faster, more natural conversations to ChatGPT Plus and Teams, but the controversial “Sky” voice remains on hold.
The potential expansion is in the discussion stage after a proposal was floated by Sky (MakerDAO) founder Rune Christensen.
Sky plans to bridge tokens to the Solana network. Weekly distributions of 2 million SKY tokens will incentivize DeFi participation. Continue Reading:Sky Joins Solana, Igniting New Opportunities for DeFi Growth The post Sky Joins Solana, Igniting New
Maker price has been struggling under the weight of declining markets for over six months now. MKR recently broke below the crucial $2,200 mark, setting the stage for its continued downtrend to its current price range of around $1,500. Despite MakerD
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.
MKR is currently trading at the lowest price since early January 2024.
Coinspeaker Aave Labs Partners with Sky to Launch Sky Aave Force Initiative The planned launch of USDS and sUSDS tokens on September 18th marks a crucial step toward building a more connected and inclusive financial system. Aave Labs Partners with Sk