Whale voters squash plan to rebrand DeFi protocol Sky back to Maker
Just four MKR whales constituted 98% of the voting power in favor of sticking with the Sky rebrand. Go to Source
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DeFi resurgence driven by Fed cuts, China, key protocols
An Apollo Crypto report links DeFi resurgence to US Federal Reserve rate cuts, China’s credit expansion and improved DeFi infrastructure. Go to Source
Sky reevaluates plan to offboard WBTC following discussion with BitGo CEO
BA Labs, an advisor to DeFi lender Sky, says its concerns with Tron founder Justin Sun’s involvement in the custody of the Wrapped Bitcoin token have been addressed and new recommendations will be put to a vote on Oct. 3. Go to Source
DeFi lending protocol Sky to drop wrapped Bitcoin after governance vote
The vote was passed with 88% in favor of offloading WBTC collateral from the Sky lending platform. Go to Source
Sky proposes dropping Wrapped Bitcoin over claimed Justin Sun ties
The team behind Sky, formerly Maker, wants to drop WBTC due to what it claimed were recent changes in ownership and control “likely involving Justin Sun or affiliates.” Go to Source
Maker, now Sky’s, stablecoin freeze process could be decided by decentralized court
A “decentralized governance” body could decide the fate of frozen USDS if the stablecoin goes ahead with a freeze feature, says Sky co-founder Rune Christensen. Go to Source
Aave, Sky float partnership to bridge DeFi, TradFi
The plan would create markets for DAI-replacement USDS on Aave. Go to Source
Maker, now Sky’s, new stablecoin lashed over ‘freeze function’
The new USDS stablecoin from Maker, now Sky, has a freeze function which the project’s founder claims won’t be part of the token at launch. Go to Source
Maker DeFi lending protocol rebrands to Sky ahead of USDS stablecoin launch
Maker is also rebranding the world’s largest decentralized stablecoin ahead of the launch of its governance token, SKY. Go to Source
Bitcoin carves out a bottom, opening the door for KAS, MKR, AR and NOT to rally
Bitcoin price climbs back above $60,000, opening the door for KAS, MKR, AR and NOT to move higher. Go to Source
