MakerDAO votes to maintain its rebranded name "Sky"

According to ChainCatcher, The Block reported that MakerDAO voted to maintain its rebranded name "Sky," a move that is part of founder Rune Christensen's "Endgame" plan aimed at launching new types of stablecoins and establishing "subDAOs" to build crypto applications and infrastructure.

Although some members within the community have expressed concerns about the brand shift of the decentralized protocol, among about 20 voting entities, only four major holders controlled nearly 80% of the voting power, all of whom supported the retention of the Sky brand.

As part of the Endgame plan, Sky plans to launch several new stablecoins, including the decentralized PureDAI and the regulatory-compliant NewStable, and will be launched on Solana and Ethereum L2 Base. Additionally, the project will integrate Aave, launch the SkyLink cross-chain bridge, and venture into asset tokenization.