PANews reported on August 28 that according to CoinDesk, decentralized finance giant MakerDAO has changed its name to "Sky" and will launch new USDS stablecoins and SKY governance tokens on September 18. Existing DAI and MKR tokens will continue to circulate, and users can choose to exchange them voluntarily. DAI can be exchanged for USDS at a 1:1 ratio, and each MKR token can be exchanged for 28,000 SKY tokens. This move is part of its Endgame plan, which aims to expand DeFi to a larger scale, even exceeding the $116 billion USDT issued by Tether. The Sky platform also plans to split its platform into independent entities called "Stars", the first of which is Spark, a Sky-based lending platform.