#DeFiNewsBreaking

Golden Finance reported that DeFi lending protocol Maker officially announced its name change to Sky and launched an upgraded stablecoin USDS and native governance token SKY. The rebranding also includes renaming Maker SubDAO to Sky Stars, maintaining its identity as an independent decentralized project. The first SubDAO to go online is Spark, an open source decentralized liquidity protocol that provides a 6% yield to users who deposit DAI and allows users to borrow USDS at a 7% interest rate.