MakerDao initiating new protocol this September.

MakerDao initiates End Game with the introduction of the SKY protocol to create a new DeFi platform with its own stablecoin and governance token.

What is Sky Protocol?
“Sky Protocol is a decentralized protocol with the Sky stablecoin USDS at its core,” MakerDao

The new DeFi will be named Sky Money that will give users access to the Sky protocol. Additionally, the Sky protocol will have its own new decentralized stablecoin, USDS, that will be established from the upgrade of the DAI stablecoin. Meanwhile, the governance token name is SKY token where you can upgrade the MKR token to SKY at a rate of 1:24,000 in the SKY protocol.

Don’t worry, MKR and DAI will be unchanged and users can voluntarily change the token.

According to a CoinDesk interview with Rune Christensen, MakerDao co-founder, he stated that "The fundamental factor was how to grow DeFi to gigantic scale, something as big as Tether or even bigger."

This could mean MakerDao wants to end its generation and introduce Sky protocol to the DeFi space.

#SkyProtocol #SkyMoney #DeFiRevolution #MakerDaoEndGame #USDSStablecoin

$MKR $DAI