SKY
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MakerDAO Rebrands to Sky: New Tokens and Features Unveiled
#MakerDao #SKY #MakerDAOrebrand
$DAI $USDS $MKR
On August 27, MakerDAO rebranded as Sky, marking a significant shift for the DeFi giant. The rebrand introduces two new tokens, USDS (a stablecoin) and SKY (a governance token), set to launch on September 18 as part of the "Endgame" overhaul.
Purpose of the Sky Rebrand
Founder Rune Christensen described the rebrand as a way to simplify MakerDAO's complex protocol, making it more user-friendly. Sky will also launch a new website and app on September 18, offering a streamlined interface.
Token Upgrades and New Incentives
Current DAI and MKR tokens will remain but can be upgraded to USDS and SKY. Each MKR can convert to 24,000 SKY tokens, and DAI will convert to USDS one-to-one. A new farming mechanism will emit SKY tokens, and early adopters can earn double yields with the Sky Savings Rate (SSR).
Sky Stars: Independent Decentralized Projects
The metaDAO ecosystem will be rebranded as "Sky Stars," decentralized projects with their own governance, tokens, and treasuries. The first Sky Star, Spark, will allow users to borrow USDS by supplying cryptocurrency as collateral.
MakerDAO Rebrands to Sky: New Tokens and Features Unveiled
#MakerDao #SKY #MakerDAOrebrand
$DAI $USDS $MKR
On August 27, MakerDAO rebranded as Sky, marking a significant shift for the DeFi giant. The rebrand introduces two new tokens, USDS (a stablecoin) and SKY (a governance token), set to launch on September 18 as part of the "Endgame" overhaul.
Purpose of the Sky Rebrand
Founder Rune Christensen described the rebrand as a way to simplify MakerDAO's complex protocol, making it more user-friendly. Sky will also launch a new website and app on September 18, offering a streamlined interface.
Token Upgrades and New Incentives
Current DAI and MKR tokens will remain but can be upgraded to USDS and SKY. Each MKR can convert to 24,000 SKY tokens, and DAI will convert to USDS one-to-one. A new farming mechanism will emit SKY tokens, and early adopters can earn double yields with the Sky Savings Rate (SSR).
Sky Stars: Independent Decentralized Projects
The metaDAO ecosystem will be rebranded as "Sky Stars," decentralized projects with their own governance, tokens, and treasuries. The first Sky Star, Spark, will allow users to borrow USDS by supplying cryptocurrency as collateral.
#SolanaFloor
#SkyEcosystem (formerly #makerdao ) is bringing its #stablecoin $USDS ($DAI ) to @Solana Official via @Wormhole with a huge liquidity incentive campaign with rewards in #SKY ($MKR ) tokens.
#SkyEcosystem (formerly #makerdao ) is bringing its #stablecoin $USDS ($DAI ) to @Solana Official via @Wormhole with a huge liquidity incentive campaign with rewards in #SKY ($MKR ) tokens.
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).
#Token2049 #FOMC #BinanceLaunchpoolHMSTR #NeiroOnBinance #SKY
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).
#Token2049 #FOMC #BinanceLaunchpoolHMSTR #NeiroOnBinance #SKY
