Sky founder: USDS supply exceeded 200 million 18 hours after launch
Odaily Planet Daily Report: Rune Christensen, the founder of Sky (formerly MakerDAO), posted that the supply of USDS exceeded 200 million within 18 hours of its launch. Its primary use case is as a reward for SKY tokens. Previously, on August 27, it was reported that MakerDAO would undergo a rebranding, with the Maker protocol being renamed to Sky, and its decentralized stablecoin Dai being renamed to "USDS". Additionally, the Maker protocol will introduce a native governance token called Sky (SKY). MakerDAO co-founder Rune Christensen stated that this rebranding is a step towards the "next evolution of DeFi". Like MakerDAO, the Sky Protocol remains decentralized, community-managed, and non-custodial.
