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 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, Sky (formerly MakerDAO) founder Rune Christensen sold 400,000 LDO at a price of $1.02 five hours ago, obtaining 407,300 USDC, with 647,000 LDO remaining (worth $664,000).On December 17, 2020, when the price was $1.75, Rune Christensen acquired 25 million LDO from Lido. Since 2022, he has gradually sold most of these tokens at an average price of $1.94.

ChainCatcher news, MakerDAO founder Rune Christensen announced the launch of the NewGovToken activation feature. Holders can earn SPK rewards by activating NewGovToken, accounting for 15% of the total rewards.NewGovToken can be obtained by upgrading MKR at a ratio of 1:24,000, with no lock-up period and can be deactivated at any time. In the future, stablecoin rewards and tokens from other SubDAOs may also be available. The feature requires approval through the governance process and is not available to users in the United States and VPN users.

ChainCatcher news, according to Coinness, MakerDAO founder Rune Christensen stated in an interview: "NewChain has not yet chosen to adopt the Solana or Cosmos codebase; it is just under investigation; the structure of Maker Dao is divided into SubDAOs, which requires effective operation in multiple token directions. Regarding the second phase SubDAO of Endgame, there will be various business models in SubDAOs from different fields such as the Web3 cultural community, RWA, etc. Our goal is to make the DAO itself a sustainable ecosystem."ChainCatcher previously reported that Maker DAO founder Rune Christensen published an article titled "Exploring the Fork of the Solana Codebase Based on NewChain," in which Rune stated that the entire Maker protocol will be restructured in the final phase of Endgame and released on a brand new, independent chain, currently codenamed NewChain.

ChainCatcher news, according to on-chain information, MakerDAO founder Rune Christensen has spent 200,000 DAI in 4 transactions to purchase 197.45 MKR since yesterday.It is reported that his last on-chain purchase of MKR was on July 20.