Sky Rebrands and Launches New dApp with $SKY and $USDS Tokens.

Sky, formerly known as Maker, has officially rebranded, introducing its new governance token $SKY and stablecoin $USDS. Existing $MKR and $DAI holders can now easily migrate to these new tokens at favorable rates. Along with the new tokens, Sky has launched a dApp offering attractive returns, with a 6% annual percentage yield (APY) on $USDS deposits, doubled to 12% for the first month. This initiative aims to encourage adoption and make the transition smoother for users.

Additionally, Sky’s oracle network, Chronicle, has transitioned into a SubDAO, or "Star," offering new opportunities for $USDS holders to earn rewards on the platform. The rebrand is part of the broader “Endgame” strategy, which simplifies governance and operations through the introduction of SubDAOs, each with unique tokens and voting mechanisms. Sky's updated structure sets the stage for future growth and positions the protocol as a user-friendly platform in decentralized finance (DeFi).

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