#makerdao

MakerDAO voted to maintain the name “Sky” in connection with the recent rebranding tied to the long-term “Endgame” plan for transforming the protocol. The poll was conducted on November 4, 2024, and about 80% of voters supported the decision to keep the Sky brand.

Rune Christensen, the founder of MakerDAO, has introduced PureDai, a new stablecoin, alongside the previously announced NewStable (a temporary name), and shared more details about both.

After the announcement that MakerDAO intends to roll out a new version of its platform on Solana, Anatoly Yakovenko suggested this shouldn't be viewed as a challenge to Ethereum. In his perspective, MakerDAO's move accentuates the merits of open-source solutions rather than the superiority of one blockchain over another, especially given Ethereum's pivotal role in research for numerous developers. "Ethereum is awesome. Solana wasn’t built in a vacuum, and tons and tons of things that make Solana special were built based on Ethereum’s r&d," commented the Solana co-founder. Meanwhile, Ethereum co-founder Vitalik Buterin has sold all his MKR tokens for 353 ETH.

The developers of Sky (previously known as MakerDAO) are weighing the possibility of bringing back the original Maker brand. While the new USDS token has seen success, surpassing $1 billion in market cap just two weeks after its launch, the rebrand has faced several challenges.