Sky faces scrutiny over potential $756M exploit flaw
Sky’s (formerly MakerDAO) use of externally owned accounts (EOAs) to manage $756 million in USDC reserves raises questions about security and transparency. Go to Source
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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
Sky’s Rune Christensen Reveals Star Allocation Proposal—and Possibly a Return to the Old Maker Name
Rune Christensen, founder of Makerdao, has outlined a comprehensive plan for the future of the decentralized finance (defi) ecosystem, highlighting the success of the USDS stablecoin and introducing the Star Allocation System Framework. A key aspect of the plan includes a possible transition back to the Maker brand, following community feedback on recent changes. Makerdao … Read more
Sky Endgame: Community to consider a rebrand back to Maker
Maker rebranded to Sky just two months ago in August as part of its Endgame overhaul, but there has been some resistance. Go to Source
Sky Reports Over 1 Billion USDS Minted Since August Rebrand
It’s been approximately 38 days since Makerdao, the decentralized finance (defi) project, rebranded as Sky and launched both the USDS stablecoin and the SKY token. During this time, more than a billion USDS coins have been minted, and 530 million DAI have been converted to the new standard. Makerdao Sees 530 Million DAI Upgraded Since … Read more
Sky Adviser Recommends Halting Wrapped Bitcoin Offboarding
BA Labs, an adviser to Sky, formerly known as Makerdao, has decided to stop recommending any additional parameter changes regarding the offboarding of wrapped bitcoin (WBTC) collateral. The move follows statements from Bitgo’s CEO Mike Belshe and a vote from Sky community members. Sky Adviser BA Labs Recommends Pausing WBTC Offboarding Changes BA Labs’ decision … Read more
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
Defi Giant Makerdao Rebrands as Sky, Introduces USDS Stablecoin and SKY Token
The decentralized finance (defi) lending platform Makerdao is embracing a new identity, rebranding as Sky, according to co-founder Rune Christensen. Along with the fresh name, the platform will introduce two new assets: a stablecoin dubbed USDS and a governance token named SKY, both slated for a mid-September launch. Sky Unveils USDS and SKY Tokens Amid … Read more
Justin Sun says removing 12K Bitcoin from USDD is just ‘DeFi 101’
USDD’s Bitcoin collateral was removed without a vote from its DAO, but Justin Sun insists it’s a normal event in DeFi. Go to Source
