Juiced USDS Yields Woo Solana Traders to Sky’s Stablecoin
Solana traders are quickly embracing the newest stablecoin to join their decentralized finance (DeFi) fray: USDS, issued by Sky (formerly MakerDAO).
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MakerDAO Contemplates Dropping Sky Brand as Community Debates
SKY has significantly underperformed the CoinDesk 20 since the re-brand.
Sky Reconsiders Plan to Offboard Wrapped Bitcoin, After Chat With BitGo CEO
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
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.
Crypto trader turns nearly $3M into less than $2M in 50 days
A cryptocurrency trader lost $1.13 million in 50 days, capitulating from his MakerDAO (MKR) position after the Sky announcement. MakerDAO … Continue reading
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DeFi Lending Giant Sky Sets Vote to Offload Wrapped Bitcoin as Justin Sun Concerns Linger
The action could impact $200 million of DeFi loans in the Sky ecosystem should the proposal pass.
Maker, Now Rebranded to Sky, Draws Ire From DeFi Community on Controversial Stablecoin Change
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.
MakerDAO Is Now ‘Sky’ as $7B Crypto Lender Rolls Out New Stablecoin, Governance Token
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
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.
BitGo Reiterates Autonomy From Justin Sun, Tron as MakerDAO Decides to Dump WBTC
Critics of Sun’s involvement don’t understand the operational mechanics, the crypto custodian’s CEO, Mike Belshe, said during an X Space discussion.