MakerDAO voted to maintain its recent rebrand, which will remain Sky, after facing a backlash that the decentralized autonomous organisation behind the oldest and largest Ethereum-based algorithmic stablecoin DAI was squandering its industry-wide approval. Nearly 80 per cent of the votes voted in favour of keeping "Sky as a backend protocol brand". However, out of about 20 voting entities, just four accounted for almost all the votes, each with about 20 per cent of the votes.
MakerDAO is considering dropping the Sky brand after rebranding and the successful launch of the USDS stablecoin. The USDS stablecoin was launched in August and was designed to provide native token rewards and run alongside the existing DAI synthetic stablecoin, which remains unchanged. On-chain data shows that it has a supply of $1.20 billion and a savings rate of 6.5%. Community members generally consider this launch a success. Sky co-founder Rune Chris...
According to the official announcement, Upbit plans to support the rebranding and token exchange of RNDR to RENDER. It is expected to suspend deposits and withdrawals at 11:00 KST (Korea time) on August 13, 2024; it is expected to temporarily stop trading at 14:00 2024-08-16 (Friday). When trading support resumes, the market name will be changed to RENDER/BTC.
According to the official announcement, after completing the rebranding and token swap of Gravity (G), Upbit plans to resume its deposit and withdrawal services at 00:00 local time on July 18. Notes: If there are any changes to the recovery schedule, the official will provide additional updates.