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Sky faces scrutiny over potential $756M exploit flaw

[Dec 6 12:39 PM] Sky’s (formerly MakerDAO) use of externally owned accounts (EOAs) to manage $756 million in USDC reserves raises questions about security and transparency.

Juiced USDS Yields Woo Solana Traders to Sky's Stablecoin

[Nov 20 4:00 PM] Solana traders are quickly embracing the newest stablecoin to join their decentralized finance (DeFi) fray: USDS, issued by Sky (formerly MakerDAO).

Whale voters squash plan to rebrand DeFi protocol Sky back to Maker

[Nov 8 5:21 AM] Four MKR whales constituted 98% of the voting power in favor of sticking with the Sky rebrand.

MakerDAO's Christensen Hopes for 'Firm Decision' as MKR Holders Vote on Sky Brand

[Nov 5 2:24 PM] Early polling indicates MKR holders want to keep the SKY brand, though participation in the poll is still low.

Sky co-founder proposes no new emissions for core token

[Nov 4 1:47 PM] Rune Christensen proposed a deflationary model for Sky, halting token emissions and aligning with MakerDAO’s original supply reduction vision.

MakerDAO Contemplates Dropping Sky Brand as Community Debates

[Oct 23 7:12 AM] SKY has significantly underperformed the CoinDesk 20 since the re-brand.

Sky’s Rune Christensen Reveals Star Allocation Proposal—and Possibly a Return to the Old Maker Name

[Oct 22 6:37 PM] 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…

Sky: Community to consider another rebrand, back to Maker

[Oct 22 5:34 AM] Maker rebranded to Sky just two months ago as part of an overhaul, but there has been resistance. 

Sky Reports Over 1 Billion USDS Minted Since August Rebrand

[Oct 5 6:50 PM] 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…

Sky Adviser Recommends Halting Wrapped Bitcoin Offboarding

[Sep 25 2:16 PM] 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…

Sky Reconsiders Plan to Offboard Wrapped Bitcoin, After Chat With BitGo CEO

[Sep 24 10:13 PM] An influential adviser to DeFi lender Sky, formerly known as MakerDAO, now says their concerns have been adequately addressed regarding Tron founder Justin Sun's involvement in the custody of bitcoin backing the WBTC token.

DeFi Lender Sky Ratifies Plan to Offboard Wrapped Bitcoin, Due to Sun Concerns

[Sep 19 9:29 PM] The matter has been closely followed in crypto markets, since the Sky platform has $200 million of loans collateralized by the token, and since WBTC is one of the biggest cryptocurrencies, with nearly $10 billion outstanding.

DeFi Lending Giant Sky Sets Vote to Offload Wrapped Bitcoin as Justin Sun Concerns Linger

[Sep 12 11:43 PM] The action could impact $200 million of DeFi loans in the Sky ecosystem should the proposal pass.

Maker, now Sky’s, stablecoin freeze process could be decided by decentralized court

[Sep 4 6:16 AM] 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.

Aave, Sky float partnership to bridge DeFi, TradFi

[Sep 3 3:34 PM] The plan would create markets for DAI-replacement USDS on Aave.

MakerDAO Rebrands As ‘Sky’: Two New Tokens To Be Launched On Sept 18

[Aug 28 8:30 AM] In a move to bolster the usage and adoption of its decentralized finance (DeFi) lending platform, MakerDAO is undergoing a significant rebranding. The lending protocol, founded by Rune Christensen in 2014, will now be known as ‘Sky’, a…

Maker, Now Rebranded to Sky, Draws Ire From DeFi Community on Controversial Stablecoin Change

[Aug 27 9:20 PM] MakerDAO co-founder Rune Christensen said the feature won't be live when the USDS token goes live and the old DAI token will remain in circulation unchanged.

Defi Giant Makerdao Rebrands as Sky, Introduces USDS Stablecoin and SKY Token

[Aug 27 3:10 PM] 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…

MakerDAO Is Now 'Sky' as $7B Crypto Lender Rolls Out New Stablecoin, Governance Token

[Aug 27 12:00 PM] The driving motivation behind the changes was "how to scale DeFi to gigantic size" and grow a decentralized stablecoin, Rune Christensen said in an interview with CoinDesk.

MakerDAO to Offer Optional MKR Conversions for New Governance Token

[Aug 23 11:57 AM] Crypto lending platform MakerDAO, the protocol behind the DAI stablecoin, will allow MKR holders to convert their tokens to NewGovToken (NGT) tokens at a ratio of 1:24,000.

Justin Sun says removing 12K Bitcoin from USDD is just ‘DeFi 101’

[Aug 23 3:44 AM] USDD’s Bitcoin collateral was removed without a vote from its DAO, but Justin Sun insists it’s a normal event in DeFi. 

MKR Jumps 5% As Grayscale Adds MakerDAO To Its Crypto Fund Lineup

[Aug 14 8:00 AM] To further diversify its crypto investment portfolio, asset manager and ETF issuer Grayscale has unveiled the launch of the Grayscale MakerDAO Trust. This latest addition to Grayscale’s product suite allows investors to gain exposure to MKR…

Asset Manager Grayscale Introduces Crypto Fund for MakerDAO's MKR

[Aug 13 1:00 PM] The company launched similar single-asset trusts for TAO and SUI and a fund that invests in a basket of decentralized artificial intelligence-focused tokens over the past month.

BitGo CEO argues WBTC security is unchanged amid concerns

[Aug 12 3:41 AM] BitGo recently announced a new venture to diversify its Wrapped Bitcoin custodial locations, and Justin Sun’s involvement has caused concern for some.

MakerDAO's $1B Tokenized Treasury Investment Plan Draws Interest from BlackRock's BUIDL, Ondo, Superstate

[Jul 12 10:43 AM] MakerDAO's competition to allocate funds will open next month, and would give a big boost for the $1.8 billion tokenized real-world asset space.

Stablecoin Market Remains Steady in June Amidst Crypto Volatility

[Jun 30 10:01 AM] While June was a lackluster period for crypto assets as many experienced double-digit losses against the U.S. dollar, the stablecoin market also saw minimal growth over the past 30 days. Ethena’s USDE led the growth, with its supply…

MakerDAO and Sherlock team up for historic $1.35M security audit contest

[Jun 25 5:59 AM] MakerDAO partners with Sherlock for a record-breaking $1.35 million audit contest, launching on July 8 and ending on Aug. 5, to ensure top-tier security for its Endgame phase.

MakerDAO delegate’s $11M in tokens stolen in phishing scam

[Jun 23 6:50 AM] The user fell victim to the phishing scam after signing multiple phishing signatures, which led to losing their digital assets.

Rune Christensen Explains Why He Wants to Remake Maker and Kill DAI

[Jun 7 12:26 PM] The MakerDAO creator discusses the motivation behind the ambitious Endgame proposal in a wide-ranging interview.

Maker Metrics Under The Microscope: Clues To MKR’s Price Path Ahead

[Jun 6 8:00 PM] Amidst the crypto market resurgence, the smart contract platform Maker and its native token MKR have experienced a challenging period, with MKR demonstrating a consistent downtrend after reaching a yearly high of $4,070 in April, plummeting to as…