Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ALTCOIN NEWS»MakerDAO Rebrands to Sky, Launches Two Upgraded Tokens
ALTCOIN NEWS

MakerDAO Rebrands to Sky, Launches Two Upgraded Tokens

By Crypto FlexsAugust 29, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
MakerDAO Rebrands to Sky, Launches Two Upgraded Tokens
Share
Facebook Twitter LinkedIn Pinterest Email
  • MakerDAO has rebranded with a new name.
  • The protocol also introduces new token upgrades.
  • The newly rebranded ecosystem and upgraded tokens are scheduled to launch in September.

MakerDAO announced a major rebrand on Tuesday and launched two newly upgraded tokens in an effort to fuel the adoption of decentralized finance (DeFi).

As part of the “Endgame” move, the protocol changed its name to Sky and designated USDS and SKY as the upcoming token upgrade. Other new features introduced with the upgrade include Native Token Rewards and a new DeFi app and website called Sky.money, which the protocol said will be maintained by an independent entity.

MakerDAO Rebranding

According to a statement shared by MakerDAO co-founder Rune Christensen on August 27, the protocol’s governance process has approved the new ecosystem and upgraded tokens, which will be officially launched on September 18.

Christensen said USDS will serve as the stablecoin of the Sky ecosystem, while SKY will be the governance token. However, the token will not replace DAI and MKR, and the protocol has previously clarified that it will be “usable indefinitely.”

DAI holders can upgrade their tokens to USDS or convert Circle’s USDC to the new decentralized stablecoin at a 1:1 ratio. USDS is used to access SKY token rewards or the regular savings rate, but the program is limited to US, UK, and VPN users.

“These rewards are built into the Sky Protocol, which means that the user doesn’t have to get exposed to external protocols with unknown risk. All eligible users are doing is using USDS you own inside the Sky Protocol itself,” the statement read.

According to the statement, MKR holders will be able to upgrade their tokens to SKY, with 1 MKR being exchanged for 24,000 SKY. In addition to strengthening governance, the SKY token will gain additional features such as Sealed Activation and Regular Activation. Christensen said these features will reward eligible users with USDS and Token Rewards.

Get the latest news on the arrest of Telegram CEO Pavel Durov in France:
French President Claims Arrest of Telegram CEO Not Politically Motivated: Tech Leaders Disagree

Read what Binance CEO has to say about Tigran Gambaryan’s release.
Binance Renews Call on US Government to Release Gambarian

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Binance explodes 466m LUNC with oblivion: revival play or special effect?

September 4, 2025

Defi Surges, BTC Swings & Tradfi faces freezing: Daily encryption failure

August 28, 2025

Keepsolid launches KS COIN: Loyalty encryption through actual utility token benefits

August 14, 2025
Add A Comment

Comments are closed.

Recent Posts

GBC Mining Launches Scalable Cloud Mining Plans, Enabling Passive Income For Global Crypto Enthusiasts

September 6, 2025

The 320K holder of the WAVERS & Cardano Price Surges Surges BlockDag signals the next large encryption.

September 6, 2025

RLUSD Stablecoin is extended to Africa to supply power to the border between the border.

September 5, 2025

Bybit Establishes New B2B Unit To Drive Institutional Adoption Of Digital Assets

September 5, 2025

Lowkick Studio Launches $SHARDS Token On Top Tier Exchanges For WorldShards MMORPG

September 5, 2025

The cryptocurrency is falling when the tokens and stocks connected to Trump are under pressure.

September 5, 2025

Cango Inc. Reports Second Quarter 2025 Unaudited Financial Results

September 5, 2025

Coindesk July 2025 Report: Stablecoins and CBDC

September 5, 2025

NOWPayments To Participate In SiGMA Europe Rome 2025

September 4, 2025

Web3 Enabler Announces Blockchain Payments V3.1 At Northeast Dreamin In Boston

September 4, 2025

Is XRP The Dark Horse Of The Cryptocurrency World? Earn 652 XRP Daily Using Invro Mining’s Smart Contract

September 4, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

GBC Mining Launches Scalable Cloud Mining Plans, Enabling Passive Income For Global Crypto Enthusiasts

September 6, 2025

The 320K holder of the WAVERS & Cardano Price Surges Surges BlockDag signals the next large encryption.

September 6, 2025

RLUSD Stablecoin is extended to Africa to supply power to the border between the border.

September 5, 2025
Most Popular

Solana Foundation Argues Core Network Should Be Permissionless Regarding Offensive Meme Coin Issue

April 1, 2024

Etherscan acquires Solscan to expand blockchain data services

January 3, 2024

MicroStrategy co-founder Saylor sells $216 million worth of company stock

January 3, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.