MakerDAO voted to maintain its rebranded name 'Sky'

PANews, November 8, reported by The Block, MakerDAO voted to maintain its rebranded name 'Sky'. This move is part of the 'Endgame' plan proposed by founder Rune Christensen, aiming to launch new types of stablecoins and establish 'subDAOs' to build crypto applications and infrastructure. Despite some members of the community expressing concerns about the brand change of the decentralized protocol, only four large entities, controlling nearly 80% of the voting power among about 20 voting entities, supported the retention of the Sky brand.

As part of the Endgame plan, Sky plans to launch multiple new stablecoins, including the decentralized PureDAI and the regulatory-compliant NewStable, and will be launched on Solana and Ethereum L2 Base. Additionally, the project will integrate Aave, launch the SkyLink cross-chain bridge, and venture into asset tokenization.