• 01 October, 2024
Altcoin News Market News

MakerDAO Rebrands as Sky, Launches USDS Stablecoin

MakerDAO has rebranded itself as Sky, introducing a new stablecoin, USDS, and a governance token, SKY. Announced on August 27, 2024, with tokens launching on September 18, this move aligns with MakerDAO's "Endgame Plan" to improve accessibility and functionality in the DeFi space. DAI and MKR holders can upgrade to USDS and SKY, respectively, while legacy tokens will still be supported. New features like the Sky Savings Rate and Sky Token Rewards aim to enhance user experience. This rebranding marks a strategic shift for MakerDAO, now Sky, to lead in the evolving DeFi landscape.

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