1 month ago
DeFi task Sky (formerly known arsenic MakerDAO) is evaluating the anticipation of further marque adjustments pursuing assemblage feedback connected its caller rebrand.
On Oct. 21, Sky’s co-founder Rune Christensen released a proposal that reviewed the protocol’s accomplishments and the challenges it has faced since transitioning from MakerDAO to Sky.
Christensen noted that the protocol’s newly launched stablecoin, USDS, has already surpassed a proviso of 1 cardinal conscionable 2 weeks aft its introduction. This accelerated growth, mostly driven by caller users, has resulted successful an influx of $700 cardinal into some USDS and DAI since USDS went live.
In summation to USDS’s performance, Christensen mentioned that the token has been integrated with starring DeFi platforms specified arsenic Aave, Ethena, and Morpho. The Sky.money website besides attracted much than 400,000 visitors successful its archetypal period of operation.
Despite these achievements, the level has faced important antagonistic feedback since its rebrand.
Potential instrumentality to MakerDAO?
According to Christensen, the community’s concerns chiefly revolve astir disorder implicit the caller Sky marque and the inferior of its token. Many users stay loyal to the MakerDAO brand, and immoderate similar to clasp MKR tokens alternatively than power to SKY.
Christensen acknowledged this occupation and suggested that the assemblage mightiness request to revisit the branding strategy portion resenting 3 imaginable courses of action.
The archetypal enactment is to clasp the Sky brand, which has gained immoderate visibility since the rebrand. The 2nd enactment would impact reverting to the archetypal Maker brand, with MKR arsenic the sole governance token.
The 3rd enactment proposes a hybrid solution, wherever the Maker sanction is retained but refreshed to align with caller merchandise launches, specified arsenic the USDS stablecoin and the emerging StarDAO ecosystem.
Christensen emphasized that immoderate changes should not negatively interaction users oregon token holders, stating:
“It is captious that nary users, oregon token holders, are unfairly treated oregon person their idiosyncratic acquisition unexpectedly alteration – e.g. users that person received SKY Token Rewards, should of people extremity up with halfway protocol tokens, arsenic they expected. Sky.money shouldn’t abruptly alteration oregon suffer functionality.”
A assemblage telephone to sermon and take 1 of these options is scheduled for Friday, Oct. 25. Following this meeting, a finalized connection dubbed the “Atlas Edit” volition beryllium published connected Oct. 28 for further assemblage input. If approved, a ceremonial ballot volition statesman connected Nov. 4 to find the last people of action.
The station Sky considers reverting to MakerDAO aft assemblage pushback appeared archetypal connected CryptoSlate.
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