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MakerDAO is considering abandoning its recently launched 'Sky' brand and plans to conduct a community poll on brand direction on November 4. This decision comes after community feedback and concerns about the 'Sky' brand. Recently, MakerDAO founder Rune Christensen proposed three options for the community to vote on:
1. Continue using 'Sky' as the core brand.
2. Refocus on the 'Maker' brand with its original brand image.
3. Refocus on the 'Maker' brand with an updated brand image.
The poll will allow community members to express their opinions on the future direction of the brand. This process will begin on October 28, and if the proposal is approved, multiple-choice voting will start during the week of November 4. This poll will help determine MakerDAO's next steps.
#mkr #MakerDao #sky #MKR/USDT #MKR📈
MakerDAO is considering abandoning its recently launched 'Sky' brand and plans to conduct a community poll on brand direction on November 4. This decision comes after community feedback and concerns about the 'Sky' brand. Recently, MakerDAO founder Rune Christensen proposed three options for the community to vote on:
1. Continue using 'Sky' as the core brand.
2. Refocus on the 'Maker' brand with its original brand image.
3. Refocus on the 'Maker' brand with an updated brand image.
The poll will allow community members to express their opinions on the future direction of the brand. This process will begin on October 28, and if the proposal is approved, multiple-choice voting will start during the week of November 4. This poll will help determine MakerDAO's next steps.
#mkr #MakerDao #sky #MKR/USDT #MKR📈
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$MKR
MKR token holders are currently voting to assess their opinion on whether MakerDAO should "rebrand" the Maker brand and abandon the new name "Sky" adopted in August. This non-binding vote currently shows that token holders tend to support retaining the Sky brand, although participation is limited.
MakerDAO founder Rune Christensen stated in an interview that he remains neutral on branding issues but emphasizes that the community needs to address the branding controversy and refocus on growth. He mentioned that changing the name to Sky is not just superficial but part of Maker's "endgame strategy," which has launched new products such as the USDS stablecoin.
Christensen also mentioned that one way to track the success of the USDS stablecoin is to observe the proportion of USDS that is idle and not earning rewards. Of the more than $1 billion in circulation, a portion is not earning rewards, indicating that it is held by real human beings rather than bots, as this idle behavior indicates genuine use.
Although the launch of the USDS stablecoin exceeded expectations, Christensen also acknowledged that the renaming of Sky has faced challenges that have affected community perception and market confidence. This round of voting will last until November 7, after which a binding governance vote will take place.
#mkr #MakerDao #MKR📈 #MKR/USDT #sky
MKR token holders are currently voting to assess their opinion on whether MakerDAO should "rebrand" the Maker brand and abandon the new name "Sky" adopted in August. This non-binding vote currently shows that token holders tend to support retaining the Sky brand, although participation is limited.
MakerDAO founder Rune Christensen stated in an interview that he remains neutral on branding issues but emphasizes that the community needs to address the branding controversy and refocus on growth. He mentioned that changing the name to Sky is not just superficial but part of Maker's "endgame strategy," which has launched new products such as the USDS stablecoin.
Christensen also mentioned that one way to track the success of the USDS stablecoin is to observe the proportion of USDS that is idle and not earning rewards. Of the more than $1 billion in circulation, a portion is not earning rewards, indicating that it is held by real human beings rather than bots, as this idle behavior indicates genuine use.
Although the launch of the USDS stablecoin exceeded expectations, Christensen also acknowledged that the renaming of Sky has faced challenges that have affected community perception and market confidence. This round of voting will last until November 7, after which a binding governance vote will take place.
#mkr #MakerDao #MKR📈 #MKR/USDT #sky
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Stablecoin market grows by 555 million dollars in October – Which tokens are leading?
In the past month, stablecoins recorded a slight growth with the total market capitalization rising by 0.32%, from 172.337 billion USD to 172.892 billion USD. Leading the market is Tether (USDT) with an impressive market cap of 120.522 billion USD, accounting for 69.71% of the total value of the entire stablecoin segment.
October figures also show that the supply of USDT increased by 0.7%. In second place, USD Coin (USDC) has a market capitalization of 34.629 billion USD, down 1.9% from the previous month.
October figures also show that the supply of USDT increased by 0.7%. In second place, USD Coin (USDC) has a market capitalization of 34.629 billion USD, down 1.9% from the previous month.
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$MKR
过去一个月，Maker（MKR）代币持续下跌，跌幅达到了32.58%。然而，最近24小时内，MKR出现了反弹，涨幅为10.37%，现价为1,228.14美元。从技术上看，MKR的价格显示出稳定上升的趋势，主要支撑位在1100美元附近。根据许多技术指标，如相对强弱指标（RSI）和移动平均收敛发散指标（MACD），MKR正处于一个看涨的趋势当中。
在重塑品牌和成功推出 USDS 稳定币之后，MakerDAO 正在考虑放弃 Sky 品牌。最终Maker、Sky、USDS和Dai代表的是务实而非炒作，因为只有这样才能在长期内提供最可持续的价值。专注于核心基本面将是推动长期成功的关键。
#MakerDao #sky #mkr #MKR📈 #MKR更名SKY还有牛市么
过去一个月，Maker（MKR）代币持续下跌，跌幅达到了32.58%。然而，最近24小时内，MKR出现了反弹，涨幅为10.37%，现价为1,228.14美元。从技术上看，MKR的价格显示出稳定上升的趋势，主要支撑位在1100美元附近。根据许多技术指标，如相对强弱指标（RSI）和移动平均收敛发散指标（MACD），MKR正处于一个看涨的趋势当中。
在重塑品牌和成功推出 USDS 稳定币之后，MakerDAO 正在考虑放弃 Sky 品牌。最终Maker、Sky、USDS和Dai代表的是务实而非炒作，因为只有这样才能在长期内提供最可持续的价值。专注于核心基本面将是推动长期成功的关键。
#MakerDao #sky #mkr #MKR📈 #MKR更名SKY还有牛市么
Sky, previously known as MakerDAO, is a major player in the DeFi (Decentralized Finance) space. Recently, it announced plans to gradually remove wrapped Bitcoin (wBTC) from its collateral assets due to concerns related to its association with Tron founder Justin Sun. This decision is significant as wBTC plays a critical role in DeFi lending, with over $200 million in loans collateralized by the token on Sky's platform.
Sky's governance token has also rebranded from MKR to SKY, making the token more accessible by offering a 1:24,000 conversion ratio, which aims to attract more participants. This change is part of a broader strategy to evolve its decentralized stablecoin ecosystem and improve accessibility for a wider audience.
#BinanceTurns7 #defi #sky #mkr #justinsun
Sky's governance token has also rebranded from MKR to SKY, making the token more accessible by offering a 1:24,000 conversion ratio, which aims to attract more participants. This change is part of a broader strategy to evolve its decentralized stablecoin ecosystem and improve accessibility for a wider audience.
#BinanceTurns7 #defi #sky #mkr #justinsun
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$MKR
Sky (formerly MakerDAO) founder Rune Christensen plans to draft a proposal called Atlas Edit based on community feedback, aimed at determining the core brand direction of the project through community voting. He has presented three options for community members to choose from: 1) Continue using Sky as the core brand of the project; 2) Refocus the Maker brand with the original brand image; 3) Refocus the Maker brand with an updated brand image. This proposal is expected to start voting on October 28, and if approved, voting will begin for multiple choice options in the week of November 4.
#mkr #makerdao #sky #MKR📈 #MKR.智能策略库🥇🥇
Sky (formerly MakerDAO) founder Rune Christensen plans to draft a proposal called Atlas Edit based on community feedback, aimed at determining the core brand direction of the project through community voting. He has presented three options for community members to choose from: 1) Continue using Sky as the core brand of the project; 2) Refocus the Maker brand with the original brand image; 3) Refocus the Maker brand with an updated brand image. This proposal is expected to start voting on October 28, and if approved, voting will begin for multiple choice options in the week of November 4.
#mkr #makerdao #sky #MKR📈 #MKR.智能策略库🥇🥇
A New Era in DeFi: Sky Ecosystem's Bold Moves Toward Solana and USDS Expansion**
Introduction: A New Direction for Sky Ecosystem
Sky Ecosystem, formerly known as MakerDAO, is making bold strides in the decentralized finance (DeFi) world, focusing on expanding its presence on the Solana blockchain. Recently, Sky Ecosystem made headlines with two major announcements: the launch of their stablecoin USDS, which has quickly reached a market cap of $400 million, and a proposal to bridge WBTC with a new token called cbBTC. These developments highlight Sky Ecosystem’s commitment to innovation and its mission to bring new financial solutions to the decentralized space.
The Rebranding and Focus on Solana
Sky Ecosystem has undergone significant rebranding, signaling a new phase for the protocol. After shedding its previous identity as MakerDAO, Sky has shifted its focus to building lending pools on Solana, a blockchain known for its scalability and efficiency. This move is part of a broader strategy to leverage Solana’s unique capabilities to expand DeFi offerings beyond Ethereum.
The ecosystem aims to create a lending infrastructure on Solana, bridging assets from Ethereum through Wormhole, a cross-chain bridge. By doing so, Sky hopes to tap into Solana’s growing DeFi ecosystem, which currently holds a total locked value of $5.36 billion. Sky’s integration with Solana marks a significant shift as it steps away from its Ethereum-exclusive roots and aims to capitalize on the opportunities provided by the Solana blockchain.
USDS: The New Stablecoin in Town
One of the most notable developments in the Sky Ecosystem is the launch of USDS, a stablecoin designed to replace the DAI token. USDS is positioned to offer more security and stability in the DeFi market by being backed by a mix of cryptocurrencies, cash reserves, and other assets managed by Spark sub-DAO. It inherits a substantial portion of DAI’s supply, with 5.3 billion tokens transitioning to USDS after the launch.
The primary goal of USDS is to provide a stable asset for users engaging with DeFi applications, particularly on Solana. The token will serve as a bridge between Ethereum and Solana, creating a seamless transition for users who wish to leverage the benefits of both networks. Currently, USDS is undergoing a significant restructuring, aligning its reserves and liquidity pools to ensure long-term stability in the highly volatile crypto market.
The WBTC Transition to cbBTC
In addition to launching USDS, Sky Ecosystem has also introduced a new proposal to replace WBTC (Wrapped Bitcoin) with cbBTC. This move is seen as a way to enhance liquidity and security within Sky’s lending pools. The vote, which concluded on September 16, saw overwhelming support from delegates, with 97% in favor of the transition. Holders of WBTC will have the option to either withdraw their assets or convert them to cbBTC, maintaining the same value in the new wrapped Bitcoin token.
This transition is part of a broader effort by Sky to streamline its asset management and ensure that its lending protocols remain secure and efficient. The new cbBTC token is expected to provide a more flexible and scalable solution for Bitcoin holders in the DeFi space, particularly those utilizing the Solana blockchain.
The Role of Wormhole in Sky’s Expansion
Wormhole, the cross-chain bridge, plays a pivotal role in Sky Ecosystem’s expansion to Solana. By enabling the seamless transfer of assets between Ethereum and Solana, Wormhole allows Sky to build a dual-layer protocol that can operate on both blockchains. This is particularly important because Solana is not EVM-compatible, meaning that Ethereum-based applications cannot natively operate on Solana. Wormhole serves as a crucial link, enabling Sky to bring decentralized applications and assets to Solana without losing compatibility with Ethereum.
The integration of Sky tokens and SkyLink on Solana through Wormhole is expected to boost Solana’s total value locked (TVL) significantly. SkyLink, a protocol that is currently being developed on Ethereum, aims to provide a more robust infrastructure for decentralized lending and borrowing, with plans to launch a Solana-compatible version in the near future.
Challenges and Competition in the DeFi Space
While Sky Ecosystem has made impressive strides, it faces stiff competition in the DeFi market. Solana’s ecosystem is already home to established players like Solend, which currently controls $635 million in loans. Additionally, Sky will need to contend with Ethereum-based protocols like Aave, which operates across 12 EVM-compatible chains but has no plans to expand to Solana.
Furthermore, Sky’s journey has not been without obstacles. BitGet, another major player in the crypto space, recently launched its own stablecoin, also called USDS. BitGet, which is the primary custodian of WBTC, has sparked concerns among DeFi developers due to its efforts to launch the same wrapped Bitcoin asset on the TRON network. This has raised questions about potential market confusion and competition between the two USDS tokens.
Conclusion: A New Horizon for Sky Ecosystem
Sky Ecosystem is positioning itself as a major player in the next generation of DeFi, with its ambitious plans to expand onto Solana and the launch of its USDS stablecoin. By bridging assets through Wormhole and introducing new tokens like cbBTC, Sky is making a calculated move to capture a larger share of the decentralized finance market. However, it will need to navigate the challenges of competition and market adaptation as it continues to evolve in this fast-paced industry.
With its innovative approach and focus on creating a cross-chain DeFi experience, Sky Ecosystem is set to make waves in the crypto world. Only time will tell if these bold moves will pay off, but for now, the future looks promising for Sky and its growing community.
#solana
#sky
#usds
Sky Ecosystem, formerly known as MakerDAO, is making bold strides in the decentralized finance (DeFi) world, focusing on expanding its presence on the Solana blockchain. Recently, Sky Ecosystem made headlines with two major announcements: the launch of their stablecoin USDS, which has quickly reached a market cap of $400 million, and a proposal to bridge WBTC with a new token called cbBTC. These developments highlight Sky Ecosystem’s commitment to innovation and its mission to bring new financial solutions to the decentralized space.
The Rebranding and Focus on Solana
Sky Ecosystem has undergone significant rebranding, signaling a new phase for the protocol. After shedding its previous identity as MakerDAO, Sky has shifted its focus to building lending pools on Solana, a blockchain known for its scalability and efficiency. This move is part of a broader strategy to leverage Solana’s unique capabilities to expand DeFi offerings beyond Ethereum.
The ecosystem aims to create a lending infrastructure on Solana, bridging assets from Ethereum through Wormhole, a cross-chain bridge. By doing so, Sky hopes to tap into Solana’s growing DeFi ecosystem, which currently holds a total locked value of $5.36 billion. Sky’s integration with Solana marks a significant shift as it steps away from its Ethereum-exclusive roots and aims to capitalize on the opportunities provided by the Solana blockchain.
USDS: The New Stablecoin in Town
One of the most notable developments in the Sky Ecosystem is the launch of USDS, a stablecoin designed to replace the DAI token. USDS is positioned to offer more security and stability in the DeFi market by being backed by a mix of cryptocurrencies, cash reserves, and other assets managed by Spark sub-DAO. It inherits a substantial portion of DAI’s supply, with 5.3 billion tokens transitioning to USDS after the launch.
The primary goal of USDS is to provide a stable asset for users engaging with DeFi applications, particularly on Solana. The token will serve as a bridge between Ethereum and Solana, creating a seamless transition for users who wish to leverage the benefits of both networks. Currently, USDS is undergoing a significant restructuring, aligning its reserves and liquidity pools to ensure long-term stability in the highly volatile crypto market.
The WBTC Transition to cbBTC
In addition to launching USDS, Sky Ecosystem has also introduced a new proposal to replace WBTC (Wrapped Bitcoin) with cbBTC. This move is seen as a way to enhance liquidity and security within Sky’s lending pools. The vote, which concluded on September 16, saw overwhelming support from delegates, with 97% in favor of the transition. Holders of WBTC will have the option to either withdraw their assets or convert them to cbBTC, maintaining the same value in the new wrapped Bitcoin token.
This transition is part of a broader effort by Sky to streamline its asset management and ensure that its lending protocols remain secure and efficient. The new cbBTC token is expected to provide a more flexible and scalable solution for Bitcoin holders in the DeFi space, particularly those utilizing the Solana blockchain.
The Role of Wormhole in Sky’s Expansion
Wormhole, the cross-chain bridge, plays a pivotal role in Sky Ecosystem’s expansion to Solana. By enabling the seamless transfer of assets between Ethereum and Solana, Wormhole allows Sky to build a dual-layer protocol that can operate on both blockchains. This is particularly important because Solana is not EVM-compatible, meaning that Ethereum-based applications cannot natively operate on Solana. Wormhole serves as a crucial link, enabling Sky to bring decentralized applications and assets to Solana without losing compatibility with Ethereum.
The integration of Sky tokens and SkyLink on Solana through Wormhole is expected to boost Solana’s total value locked (TVL) significantly. SkyLink, a protocol that is currently being developed on Ethereum, aims to provide a more robust infrastructure for decentralized lending and borrowing, with plans to launch a Solana-compatible version in the near future.
Challenges and Competition in the DeFi Space
While Sky Ecosystem has made impressive strides, it faces stiff competition in the DeFi market. Solana’s ecosystem is already home to established players like Solend, which currently controls $635 million in loans. Additionally, Sky will need to contend with Ethereum-based protocols like Aave, which operates across 12 EVM-compatible chains but has no plans to expand to Solana.
Furthermore, Sky’s journey has not been without obstacles. BitGet, another major player in the crypto space, recently launched its own stablecoin, also called USDS. BitGet, which is the primary custodian of WBTC, has sparked concerns among DeFi developers due to its efforts to launch the same wrapped Bitcoin asset on the TRON network. This has raised questions about potential market confusion and competition between the two USDS tokens.
Conclusion: A New Horizon for Sky Ecosystem
Sky Ecosystem is positioning itself as a major player in the next generation of DeFi, with its ambitious plans to expand onto Solana and the launch of its USDS stablecoin. By bridging assets through Wormhole and introducing new tokens like cbBTC, Sky is making a calculated move to capture a larger share of the decentralized finance market. However, it will need to navigate the challenges of competition and market adaptation as it continues to evolve in this fast-paced industry.
With its innovative approach and focus on creating a cross-chain DeFi experience, Sky Ecosystem is set to make waves in the crypto world. Only time will tell if these bold moves will pay off, but for now, the future looks promising for Sky and its growing community.
#solana
#sky
#usds
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$MKR
The DeFi protocol Sky (formerly MakerDAO) announced a series of parameter changes after the execution vote was approved, which were implemented at 5:24 AM Beijing time on December 9. Here are the specific parameter update details:
1. Savings Rate Update:
• Sky Savings Rate (SSR) increased to 12.5%.
• DAI Savings Rate (DSR) increased to 11.5%.
2. Stability Fee Parameter Update:
• ETH stability fee increased:
• ETH-A increased to 12.75%.
• ETH-B increased to 13.25%.
• ETH-C increased to 12.5%.
• WSTETH stability fee increased:
• WSTETH-A increased to 13.75%.
• WSTETH-B increased to 13.5%.
• WBTC stability fee increased:
• WBTC-A increased to 16.25%.
• WBTC-B increased to 16.75%.
• WBTC-C increased to 16%.
These updates reflect the proactive actions of the Sky protocol in adjusting its economic parameters to adapt to market conditions and user demands.
#mkr #sky
The DeFi protocol Sky (formerly MakerDAO) announced a series of parameter changes after the execution vote was approved, which were implemented at 5:24 AM Beijing time on December 9. Here are the specific parameter update details:
1. Savings Rate Update:
• Sky Savings Rate (SSR) increased to 12.5%.
• DAI Savings Rate (DSR) increased to 11.5%.
2. Stability Fee Parameter Update:
• ETH stability fee increased:
• ETH-A increased to 12.75%.
• ETH-B increased to 13.25%.
• ETH-C increased to 12.5%.
• WSTETH stability fee increased:
• WSTETH-A increased to 13.75%.
• WSTETH-B increased to 13.5%.
• WBTC stability fee increased:
• WBTC-A increased to 16.25%.
• WBTC-B increased to 16.75%.
• WBTC-C increased to 16%.
These updates reflect the proactive actions of the Sky protocol in adjusting its economic parameters to adapt to market conditions and user demands.
#mkr #sky