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Sky, formerly known as MakerDAO, is redefining decentralized finance (DeFi) with a significant transformation of its ecosystem. By introducing new features and upgraded tokens, Sky aims to enhance accessibility and drive the next era of DeFi adoption.
This article explores Sky, its history and the reasons behind the rebranding from MakerDAO. We'll also examine how the platform works, its key features, road map and new tokens, and evaluate whether SKY is a good investment in the evolving DeFi space.
Key Takeaways:
Sky is a decentralized finance platform that evolved from MakerDAO (DAI).
As the new front-end application for the Sky Protocol ecosystem, it offers an upgraded stablecoin system, native token rewards and a more accessible governance structure to drive the next era of DeFi adoption.