**MakerDAO Rebrands to Sky, Introducing USDS and SKY Tokens**

MakerDAO, a pioneering DeFi lending protocol on Ethereum, has rebranded to "Sky" following significant upgrades to its decentralized stablecoin system. The stablecoin formerly known as DAI has been renamed to USDS, and the MKR governance token has been changed to SKY.

**From MKR to SKY: Key Changes**

Sky announced that SKY is an upgraded version of MKR, obtainable by supplying USDS tokens to the Sky protocol via Sky.money. 1 DAI can be converted into 1 USDS, and 1 MKR into 24,000 SKY tokens, making individual SKY tokens more affordable.

**Seamless User Experience**

Sky.money will offer non-custodial access to Sky’s tokens and rewards. The protocol allows for seamless swapping of ETH, USDC, and USDT into USDS, with assets remaining in user custody.

**The Evolution of DeFi**

Rune Christensen, MakerDAO co-founder, stated that the rebrand aims to capture the "next evolution of DeFi," focusing on simplicity and ease of use. The rebrand also includes renaming Maker’s "SubDAOs" to "Sky Stars," which will act as the innovation layer.

**Market Impact**

With a TVL of $6.44 billion, Maker remains a leading DeFi protocol. The rebrand to Sky signifies a forward-looking approach, enhancing user experience and expanding DeFi's potential.