DeFi project Sky (formerly known as MakerDAO) is evaluating the possibility of additional brand adjustments following community feedback on its recent rebrand.
On Oct. 21, Sky’s co-founder Rune Christensen released a proposal that reviewed the protocol’s accomplishments and the challenges it has faced since transitioning from MakerDAO to Sky.
Christensen noted that the protocol’s newly launched stablecoin, USDS, has already surpassed a supply of 1 billion just two weeks after its introduction. This rapid growth, largely driven by new users, has resulted in an influx of $700 million into both USDS and DAI since USDS went live.
In addition to USDS’s performance, Christensen mentioned that the token has been integrated with leading DeFi platforms such as Aave, Ethena, and Morpho. The Sky.money website also attracted more than 400,000 visitors in its first month of operation.
Despite these achievements, the platform has faced significant negative feedback since its rebrand.
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