MakerDAO founder wants MKR holders to vote on Sky brand and make a “firm decision”
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Odaily Planet Daily Report: MKR token holders are currently voting to assess their views 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 quite limited at the moment. 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 the name change to Sky is not just a superficial move, "far more than just a renaming," but part of Maker's "endgame strategy" that has introduced new products such as the USDS stablecoin. Christensen said one way to track the success of such a stablecoin is to observe the proportion of USDS that are idle and not earning rewards. Of the over $1 billion in circulation, a portion, though not large, is noteworthy in that it is not earning rewards - indicating it is held by real humans, not bots, as this idle behavior suggests real users view USDS as cash and hold it temporarily without seeking to maximize returns. However, while this move is still seen as a success, and the launch of the USDS stablecoin has exceeded expectations, Christensen also acknowledged that the rebranding to Sky has faced challenges and impacted community perception and market confidence. This round of voting will continue until November 7. The next step will be a binding governance vote.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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