The MakerDAO community is discussing whether to abandon the Sky brand and plans to hold a formal governance vote on November 4
2024-10-23 07:34:11
Odaily News MakerDAO is discussing whether to abandon the Sky brand due to the lukewarm market response after the rebrand. Despite the successful launch of the USDS stablecoin, the SKY token has performed poorly, falling 23% recently. The community plans to hold a formal governance vote on November 4 to decide whether to restore the original Maker brand, maintain the Sky brand, or rebrand. MakerDAO founder Rune Christensen said that the community still highly recognizes the stability and trust of the Maker brand. Earlier news, the founder of Sky initiated a proposal to retain the Maker brand, but a series of rebranding will be carried out.
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