News with the tag "Sky protocol"

Sky’s (formerly MakerDAO) use of externally owned accounts (EOAs) to manage $756 million in USDC reserves raises questions about security and transparency.

Sky Protocol, formerly known as MakerDAO, is preparing for a significant governance vote concerning the future of wrapped Bitcoin (wBTC) within its decentralized finance (DeFi) ecosystem. According to CoinDesk, the proposal to fully remove wBTC could have substantial implications, affecting approxim...

Just a day after MakerDAO rebranded to Sky, the community has been debating the implications of the new freeze function. MakerDAO co-founder Rune Christensen steps in to provide clarity. Following its transition to Sky yesterday, MakerDAO announced that its token DAI stablecoin will be rebranded to ...