The Maker brand has been rebranded as Sky Protocol, and will launch a native governance token, SKY

ChainCatcher news, according to Cointelegraph, the Maker protocol has officially been renamed to Sky and has announced the names of its upgraded stablecoin and native governance token, aiming to make decentralized finance (DeFi) more accessible to the general public.

As part of the rebranding, Maker has renamed the world's largest decentralized stablecoin Dai (DAI) to USDS.

The protocol has also launched the Sky (SKY) native governance token for the broader Sky ecosystem, serving as an upgraded version of the Maker (MKR) token.

MakerDAO co-founder Rune Christensen stated that this rebranding is a step towards embracing "the next evolution of DeFi."