Decentralized finance giant MakerDAO has [changed its name] to "Sky" and will launch a new USDS stablecoin and SKY governance token on September 18. Existing DAI and MKR tokens will continue to circulate, and users can choose to voluntarily exchange them. DAI can be exchanged for USDS at a 1:1 ratio, while each $MKR token can be exchanged for 28,000 SKY tokens. The move is part of its Endgame plan to expand DeFi to a larger scale, even exceeding the $116 billion USDT issued by Tether. The Sky platform also plans to [split] its platform into independent entities called "Stars", the first of which will be Spark, a lending platform based on Sky. The price of 1580 is not high here