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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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Planning Ahead: Cosmos Health Looks to Add Bitcoin and Ethereum to Its Treasury

Sky’s Rune Christensen Reveals Star Allocation Proposal—and Possibly a Return to the Old Maker Name

Sky’s Rune Christensen Reveals Star Allocation Proposal—and Possibly a Return to the Old Maker NameRune Christensen, founder of Makerdao, has outlined a comprehensive plan for the future of the decentralized finance (defi) ecosystem, highlighting the success of the USDS stablecoin and introducing the Star Allocation System Framework. A key aspect of the plan includes a possible transition back to the Maker brand, following community feedback on recent changes. Makerdao […]

Planning Ahead: Cosmos Health Looks to Add Bitcoin and Ethereum to Its Treasury

USDS and RLUSD Stablecoins See Uptick in Supply Amid Broader Stablecoin Growth

USDS and RLUSD Stablecoins See Uptick in Supply Amid Broader Stablecoin GrowthThe latest data highlights that the stablecoin market currently sits at $173 billion, with two recently introduced U.S. dollar-backed stablecoins showing significant growth. The decentralized finance (defi) project Sky, previously known as Makerdao, has minted 1.11 billion USDS, adding approximately 104 million coins to its supply over the past five days. In a parallel development […]

Planning Ahead: Cosmos Health Looks to Add Bitcoin and Ethereum to Its Treasury

Sky Reports Over 1 Billion USDS Minted Since August Rebrand

Sky Reports Over 1 Billion USDS Minted Since August RebrandIt’s been approximately 38 days since Makerdao, the decentralized finance (defi) project, rebranded as Sky and launched both the USDS stablecoin and the SKY token. During this time, more than a billion USDS coins have been minted, and 530 million DAI have been converted to the new standard. Makerdao Sees 530 Million DAI Upgraded Since […]

Planning Ahead: Cosmos Health Looks to Add Bitcoin and Ethereum to Its Treasury

Bitgo to Launch USDS Stablecoin in January 2025

Bitgo to Launch USDS Stablecoin in January 2025Bitgo plans to launch its new stablecoin, USDS, in January 2025, offering a unique model that rewards liquidity providers. The announcement was made by Bitgo CEO Mike Belshe during an interview with Coindesk at the Token2049 event in Singapore. The stablecoin will be backed by U.S. Treasury bills, overnight repos, and cash, aiming to create […]

Planning Ahead: Cosmos Health Looks to Add Bitcoin and Ethereum to Its Treasury

Aave, Sky float partnership to bridge DeFi, TradFi

The plan would create markets for DAI-replacement USDS on Aave.

Decentralized finance (DeFi) protocols Aave and Sky (previously Maker) are exploring a partnership designed to “close the gap between DeFi and TradFi,” according to a Sept. 2 announcement.

The proposed partnership, referred to as the Sky Aave Force, follows a Sept. 2 governance proposal by Phoenix Labs, a DeFi research and development organization. The proposal suggests issuing SPK tokens—native to Sky’s subDAO, Spark—to help establish a market for USDS, a stablecoin launched after Maker’s August rebranding to Sky

“Sky Aave Force has an ambitious goal: to drive mass adoption and close the gap between DeFi and TradFi. Now is the time to work together,” said Aave Labs, the developer behind the Aave DeFi lending platform.

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Planning Ahead: Cosmos Health Looks to Add Bitcoin and Ethereum to Its Treasury

MakerDAO Co-Founder Says Stablecoin Rebrand Will Have Freeze Function, But DAI Will Continue As Normal

MakerDAO Co-Founder Says Stablecoin Rebrand Will Have Freeze Function, But DAI Will Continue As Normal

The co-founder of decentralized finance (DeFi) platform Maker (MKR) says that the rebrand of its stablecoin will have a freeze function but that DAI will continue to operate normally. In a new thread on the social media platform X, MakerDAO creator Rune Christensen says that DAI itself will not feature a freeze function – or […]

The post MakerDAO Co-Founder Says Stablecoin Rebrand Will Have Freeze Function, But DAI Will Continue As Normal appeared first on The Daily Hodl.

Planning Ahead: Cosmos Health Looks to Add Bitcoin and Ethereum to Its Treasury

Arbitrum-Based Altcoin Project Goes Wild After Earning Sudden Support From Coinbase

Arbitrum-Based Altcoin Project Goes Wild After Earning Sudden Support From Coinbase

An Arbitrum (ARB)-based altcoin is rallying after being listed by top US-based crypto exchange Coinbase. In a new announcement, Coinbase says that it will be adding support for Sperax (SPA), a project that focuses on building decentralized finance (DeFi) products that can access multiple layer-1 and layer-2 blockchains. According to Coinbase, SPA will be listed […]

The post Arbitrum-Based Altcoin Project Goes Wild After Earning Sudden Support From Coinbase appeared first on The Daily Hodl.

Planning Ahead: Cosmos Health Looks to Add Bitcoin and Ethereum to Its Treasury