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MakerDAO Is Now 'Sky' as $7B Crypto Lender Rolls Out New Stablecoin, Governance Token

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by COINS NEWS 106 Views

MakerDAO Is Now 'Sky' as $7B Crypto Lender Rolls Out New Stablecoin, Governance Token

The driving motivation behind the changes was "how to scale DeFi to gigantic size" and grow a decentralized stablecoin, Rune Christensen said in an interview with CoinDesk.

The new USDS stablecoin and SKY governance token will be available on Sept. 18 with a new DeFi application to interact with the protocol.

The protocol's established tokens DAI and MKR will remain in circulation unchanged, and users can decide voluntarily to exchange.

The changes are part of the protocol ongoing overhaul called Endgame.

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