MakerDAO Decides to Keep Rebranded Sky, Plans to Launch New Stablecoin and Expand Projects

Odaily News MakerDAO voted to keep its recent rebranding despite objections that it wasted industry recognition for its largest algorithmic stablecoin on Ethereum, DAI. Nearly 80% of the votes supported keeping "Sky" as the backend protocol brand. Sky plans to launch new stablecoins, including decentralized censorship-resistant puredai and compliant NewStable for the mass market, and plans to launch versions on Solana and Ethereum Layer 2 Base. The project also plans to integrate with Aave, launch a staking protocol using SKY and MKR, and build a custom bridge to the EVM chain called SkyLink. (The Block)