Several market updates unfold in the world of MakerDAO, now **Sky**. **Wintermute** tops up its holdings on **Neiro**, stoking expectations of a Binance spot listing. Sky embarks on its compliance mission, highlighting that it’s more **important than centralization**. Sky’s freeze process for **its new USDS stablecoin** might be decided by a decentralized court, a feature that’s ignited controversy. Sky’s thorough rebranding process and the unveiling of the new
USDS stablecoin and **SKY governance token** took the crypto community by storm. The market predicted optimistic future growth for MKR prices. Notable initiatives include **Sky’s Endgame** aiming to challenge **Tether** with a 100B DAI goal, a security audit contest announcement by Sky and **Sherlock**, and a **partnership proposal** with **Aave**. Of course, there were criticisms, for instance, regarding Sky’s highly critiqued proposal from its co-founder and a re-emergence of Sky and Aave’s DeFi conflict. MakerDAO was also targeted by phishing scams, with delegates losing $11M in tokens. Meanwhile, its new stablecoin was labeled as a potential millionaire maker, reminiscent of the enormous influence that
Bitcoin, Shiba Inu, and Dogecoin had on wealth generation. Protocols like AMMs were scrutinized too, further cementing MakerDAO’s influence on DeFi and Market Makers as a whole. The intro of two new stablecoins through MakerDAO was viewed as a strategic move to meet DAI demand. Lastly,
Grayscale** launched a fund to invest in the MKR token, illustrating continued institutional interest.
Maker Coin News Analytics from Sat, 09 Dec 2023 08:00:00 GMT to Wed, 11 Sep 2024 16:00:00 GMT -
Rating 5
- Innovation 8
- Information 8
- Rumor -3
