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MakerDAO founder wants MKR holders to vote on Sky brand and make a “firm decision”

MakerDAO founder wants MKR holders to vote on Sky brand and make a “firm decision”

CointimeCointime2024/11/05 14:55
By:Cointime

On November 5th, according to CoinDesk, MKR token holders are currently voting to assess their opinion on whether MakerDAO should "reposition" the Maker brand and abandon the new name "Sky" adopted in August. This non-binding vote currently shows that token holders support retaining the Sky brand, although participation is currently quite limited.

MakerDAO founder Rune Christensen remained neutral on the brand issue in an interview, but called on the community to resolve the brand dispute and refocus on growth. He said, "The most important thing is to make a decision and focus on what matters, which is the product." Christensen emphasized that renaming to Sky was not just a superficial change, but part of Maker's "endgame strategy," which launched new products such as the USDS stablecoin.

Christensen said one way to track the success of this stablecoin is to observe the proportion of USDS that is idle and not earning rewards. Despite the fact that this is a small amount among the circulating total of over $1 billion, it is worth noting that some of it is not earning rewards - indicating that it is held by real humans rather than bots, as this idle behavior suggests real usage, as real users treat USDS as cash and hold it temporarily without seeking maximum returns. However, although this move is still considered successful and the launch of the USDS stablecoin exceeded expectations, Christensen also acknowledged that the renaming to Sky has encountered challenges and affected community perception and market confidence. This round of voting will continue until November 7th. The next step will be a binding governance vote.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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