Stable Standard - Week of August 26, 2024
This is a weekly newsletter to keep you informed on the most important news in the stablecoin space. We will cover everything from fundraising announcements to KPIs.
1. MakerDAO Rebrands to Sky MakerDAO has rebranded as "Sky" and announced the launch of its new stablecoin, USDS, along with its governance token, SKY, scheduled for September 18, 2024. This marks the first phase of the long-awaited Endgame plan. The primary goals of this rebrand are to unify the MakerDAO and DAI brands and to make MakerDAO easier to understand for new users entering the ecosystem. The rebrand includes several new initiatives, such as a 1:24,000 MKR token split, the introduction of a new subDAO structure called Sky Stars, and the launch of a Sky Savings Rate, which will be…
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