The MakerDAO community has decided to continue with the rebranding of the DeFi project Sky, despite worries about centralization. In a recent vote, 79.3% of participants supported keeping the Sky brand as the core protocol name, while only 2.2% preferred reverting to MakerDAO. The decision paves the way for Sky to be the primary brand for both its frontend app and backend protocol. However, concerns were raised about centralized voting power, with a small number of entities controlling a significant portion of the vote share. This concentration of power could pose challenges for decentralized autonomous organizations (DAOs) in maintaining fair governance. Moving forward, Sky plans to expand the adoption of its stablecoin USDS on Solana and Ethereum Layer 2 solutions, as well as launch Spark, a new project under the Sky brand. These developments align with Sky's vision of sustainability and community engagement in the crypto space. Read more AI-generated news on: https://app.chaingpt.org/news