In a significant move, MakerDAO, a pioneer and leader in the DeFi space, has announced a major rebranding to Sky, marking a new chapter in its journey. Alongside this transformation, Sky is launching a new stablecoin, USDS, which will coexist with the existing DAI and MKR tokens.
Key Highlights:
- DAI and MKR tokens remain unchanged, ensuring a seamless transition for holders.
- Holders can exchange old tokens for new ones at a 1:1 ratio.
- USDS introduces a freeze function, enhancing security and control.
This strategic move positions Sky for further growth and innovation, building on MakerDAO's legacy. The introduction of USDS expands the Sky ecosystem, offering more options for users and strengthening its position in the DeFi landscape.
Stay tuned for more updates on Sky's journey and the impact of this rebranding on the DeFi space!