Sky founder: Plans to propose an additional proposal to change the core token to a strictly deflationary model

ChainCatcher news, Sky (formerly MakerDAO) founder Rune Christensen stated that he plans to propose an additional proposal to change the core token (whether the result is MKR or SKY) to a strict deflationary token economics. Under normal circumstances, no tokens will be issued, and as the burn engine permanently removes tokens from circulation, the total supply will only decrease over time. The only exception is in the case of collateral shortages, which could lead to bankruptcy risks for USDS and DAI. This is the original MKR token economics.

At the same time, in addition to the strict deflationary buy-and-burn token economics, the core token (MKR or SKY) can still earn star token rewards, such as Spark SPK, through activation.

This additional proposal will follow up on brand decisions and will be voted on next week (from November 11 to November 14), with more details about the proposal to be announced later this week.