In today’s briefing:
- Crypto Moves #47 – Maker, or now, Sky, Sacrifices Profit for Growth
Crypto Moves #47 – Maker, or now, Sky, Sacrifices Profit for Growth
- On August 27, the decentralized autonomous organization (DAO) Maker, known for managing the world’s largest partially decentralized stablecoin, Dai, announced that it would rebrand to Sky on September 18.
- Starting on that date, Dai stablecoin holders gained the ability to convert their Dai 1-to-1 into Sky Dollar (USDS), the new stablecoin of the Sky ecosystem.
- This shift is part of Maker’s “Endgame” roadmap—a vision that co-founder Rune Christensen has been developing for years.
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