According to Spot On Chain, Sky (formerly MakerDAO) founder Rune Christensen claimed 2.04 million ENA from Ethena Labs nine hours ago and sold it for $744,000 USDC. Notably, he also redeemed all 22.08 million USDe as USDT 7 days ago. He was previously one of the largest holders of USDe.
On September 20th, Sky (formerly Maker) co-founder Rune said that at the Solana 2024 Breakpoint conference today, the upcoming proposal was presented to introduce Sky to Solana. The plan will use Wormhole to bridge SKY, USDS and sUSDS, and allocate 2 million SKY to the Solana DeFi protocol that integrates USDS and SKY every week through an incentive plan.
Sky (formerly Maker) co-founder Rune said on September 4 that Sky's new crypto stablecoin USDS may have a court-like decentralized appeals process as part of its freeze feature. USDS will not have a freeze feature when it launches, but it can be upgraded if the governing body decides to add it. If the feature does go live, those USDS users who are frozen can "use the power of decentralized governance to ensure due process and other matters" transparently. Rune...