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Sky co-founder proposes no new emissions for core token

Rune Christensen proposed a deflationary model for Sky, halting token emissions and aligning with MakerDAO’s original supply reduction vision.

Rune Christensen, the co-founder of Sky (formerly MakerDAO), said he is preparing a proposal for “strictly deflationary tokenomics” to halt token emissions and decrease total supply.

Christensen aims to prevent token emissions from occurring “in normal conditions” regardless of whether the core token stays as Maker (MKR) or becomes SKY in line with the new brand.

The new token structure would ensure that the chosen token is supported by long-term supply reduction and a burn mechanism, aligning with MakerDAO’s original tokenomics model.

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Bitcoin Scarcity Could Fuel $1.5M Price, Cathie Wood Declares

Uniswap Foundation postpones vote on incentives

Users imply that the unnamed VC firm’s actions had revealed its significant influence, which could be seen as a mistake, undermining the decentralized values.

The Uniswap Foundation — the organization overseeing the decentralized exchange Uniswap — has postponed May 31’s highly anticipated vote on UNI staking and delegation rewards. 

The foundation announced on X that it postponed the vote due to a concern raised by a stakeholder. This prompted a more thorough review and examination of the proposal, leading to a delay in the decision-making process.

The vote would have moved the decentralized exchange closer to activating its “fee switch” and giving incentives to UNI tokenholders who staked and delegated their tokens.

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Bitcoin Scarcity Could Fuel $1.5M Price, Cathie Wood Declares