MakerDAO's Rebrand to Sky Signals a New Era for the DeFi Project
CryptoNewsTerminal Staff18 Sep, 2024
MakerDAO's Rebrand to Sky Signals a New Era for the DeFi Project
## MakerDAO Transitions to Sky: A Name Change with Deeper Meaning MakerDAO, the influential decentralized finance (DeFi) platform, has undergone a significant rebrand and is now known as Sky. This strategic move, announced by co-founder Rune Christensen, marks a new chapter for the project. ### Token Transition: USDS and SKY As part of the rebranding, MakerDAO's native token, MKR, will be renamed to SKY. Additionally, the project's stablecoin, DAI, will transition to USDS (Universal Dollar Stablecoin). These changes will come into effect on March 18, 2023. ### A Brighter Future Ahead The switch to Sky signifies MakerDAO's evolution from a single-product organization to a broader platform focused on financial inclusion and the development of a decentralized economy. The new name reflects the project's wider ambitions and its commitment to enabling financial empowerment for all. This rebranding is a bold step for MakerDAO, demonstrating its commitment to innovation and its willingness to adapt to the ever-evolving DeFi landscape. As Sky, the project is poised for continued growth and success, shaping the future of decentralized finance.
