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.

ChainCatcher news, Sky (formerly MakerDAO) founder Rune Christensen stated on social media that Trump's victory will drive a true and sustained revival of DeFi, with the likelihood of a tenfold increase in user numbers significantly rising, as DeFi benefits the most from the reduced regulatory uncertainty in the U.S. compared to other areas of the crypto space.

ChainCatcher news, according to CoinDesk, MKR token holders are currently voting to assess their opinion on whether MakerDAO should "rebrand" the Maker brand and abandon the new name "Sky" adopted in August. This non-binding vote currently shows that token holders support retaining the Sky brand, although participation is relatively limited at this time.MakerDAO founder Rune Christensen remained neutral on the branding issue during an interview but urged the community to resolve the branding controversy and refocus on growth. He stated, "The most important thing is to make a decision and focus on what matters, which is the product." Christensen emphasized that changing the name to Sky is not just superficial, "far from just renaming," but part of Maker's "endgame strategy," which has launched new products like the USDS stablecoin.Christensen mentioned that one way to track the success of this stablecoin is to observe the proportion of USDS that is idle and not earning rewards. Among the over $1 billion in circulation, although the amount is not large, it is noteworthy that a portion is not earning rewards—this indicates it is held by real humans rather than bots, as this idling behavior suggests genuine use, since real users treat USDS as cash, holding it temporarily without seeking to maximize returns. However, despite this move still being seen as successful and the launch of the USDS stablecoin exceeding expectations, Christensen also acknowledged that the rebranding to Sky faced challenges that affected community perception and market confidence. This round of voting will last until November 7. The next step will be a binding governance vote.

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.

ChainCatcher message, Sky (formerly MakerDAO) announced on social media that eligible users have received SKY rewards in the early bird event of Sky Protocol, and can now claim their rewards in the Sky App, with the claim deadline set for the end of 2024.

ChainCatcher news, according to CoinDesk, MakerDAO is discussing whether to abandon the Sky brand due to a lukewarm market response after rebranding. Although the launch of the USDS stablecoin has been successful, the SKY token has performed poorly, recently dropping by 23%.The community plans to hold a formal governance vote on November 4 to decide whether to revert to the original Maker brand, maintain the Sky brand, or undergo a rebranding.Previous news, MakerDAO (now renamed Sky) founder Rune Christensen announced on social media that he will draft an Atlas Edit proposal for a community vote on the project's core branding choice.

ChainCatcher news, Rune Christensen, the founder of MakerDAO (now renamed Sky), announced on social media that he will draft an Atlas Edit proposal for a community vote on the project's core brand choice. This move aims to respond to community feedback and seek consensus on the future direction of the project. Christensen proposed three voting options:Continue with Sky as the core brand;Refocus the Maker brand with the original brand image;Refocus the Maker brand with an updated brand image.Christensen emphasized that once the core brand direction is determined, the next step will be to consider whether adjustments to the token economic model are needed, as well as the subsequent development of the Sky brand and SKY token (if the vote decides to refocus on the Maker brand).

ChainCatcher message, MakerDAO rebranded Sky posted on platform X that USDS and SKY have been launched on Ethereum, along with DeFi features supported by the decentralized Sky protocol, all available on the official website.Currently includes features such as upgrading DAI and MKR to USDS and SKY, trading cryptocurrencies for USDS or SKY, earning SKY token rewards, and storing USDS.

ChainCatcher news, MakerDAO founder Rune stated on the X platform that MakerDAO has officially been renamed to Sky, with the token expected to upgrade to USDS and SKY on September 18. Users can register for the early bird reward program on its official website Sky.Money. Eligible users will receive double rewards in the first month after the project launch.

ChainCatcher message, according to Arkham monitoring, about 6 minutes ago, the MakerDAO LITE PSM USDC A POCKET marked address transferred 49,999,000 USDC to the Coinbase Prime Deposit address.

ChainCatcher message, MakerDAO rebrands Sky announced on X that Sky features will be launched on September 18, inviting users to participate in the Sky Launch Party.

ChainCatcher news, MakerDAO rebrands Sky announced on the X platform that SparkLend will become the first token of Stars (formerly known as subDAO before the rebranding).Subject to governance approval, the SparkLend token SPK will be distributed to eligible users through Sky Token Rewards, who deposit (stablecoin) USDS to acquire new tokens during each new Star token release.SPK pre-farming has been running for over a year, allowing SparkLend users to receive pre-allocations, which will be claimable at the launch of SPK.

According to ChainCatcher news, monitored by Spot On Chain, a certain early investor in MakerDAO (MKR) has realized a large cash-out after holding for over 7 years. This investor purchased 451.5 old MKR tokens in 2017 at a price of about $23 each. In the past 5 hours, the investor sold 251.5 MKR at a price of $1624 each, totaling approximately $408,000, and obtained 172.5 ETH, achieving about 70 times the investment return. Since rebranding to Sky, the token price of MakerDAO has dropped by 24%.

ChainCatcher news, Sky (formerly MakerDAO) has proposed an important initiative aimed at integrating Sky (formerly MakerDAO) protocol's USDS and sUSDS (the rebranded DAI and sDAI) into the Aave ecosystem. The proposal mainly includes two aspects:First, users supplying sUSDS on the Aave V3 main market will be eligible to participate in a monthly pre-mined airdrop incentive program of 3.33 million SPK tokens;Second, it is proposed to deploy a USDS D3M with an initial debt ceiling of $100 million to Aave's Lido-specific market.MakerDAO stated that this is the first step towards establishing a deeper relationship with Aave, aiming to position both protocols as the core of scalable DeFi. The Aave team has agreed to share the revenue from the sUSDS and USDS markets with Spark on a 50/50 basis. Additionally, the proposal includes measures to prevent the looping of dollar stablecoins, as well as an operational plan allowing governance coordinators to quickly adjust market exposure through a multi-signature wallet. Upon approval of the governance process, these two proposals will be implemented at the earliest feasible opportunity after the launch of USDS and sUSDS tokens on September 18. The SPK reward program will commence at the block when the market is incorporated into the Aave V3 main market.