Chronicle Aligns with Sky, Embracing the Sky Ecosystem
CryptoNewsTerminal Staff18 Sep, 2024
Chronicle Aligns with Sky, Embracing the Sky Ecosystem
## Chronicle Joins the Sky Ecosystem Sky, formerly MakerDAO, has announced that Chronicle, a decentralized oracle provider and Sky's existing security provider, has joined Star, Sky's dedicated ecosystem project. MakerDAO's existing SubDAOs have also been rebranded as Sky Star. By depositing Sky's USDS, a dollar-pegged stablecoin, into Chronicle, users can farm sUSDS, which can be swapped for Chronicle points and USDS. This integration strengthens the collaboration between Chronicle and Sky. On January 18th, Sky completed its rebranding, aiming to enhance its community rewards system and expand its brand capabilities. Sky also supports the exchange of old tokens for new tokens, facilitating a smooth transition for token holders. This strategic move aligns with Sky's vision of fostering a vibrant and interconnected ecosystem. By integrating with Chronicle and rebranding its SubDAOs, Sky solidifies its commitment to providing a comprehensive suite of DeFi tools and services within its ecosystem.
