Rune Christensen, MakerDAO's co-founder, emphasized, "The fundamental factor was how to grow DeFi to gigantic scale, something as big as Tether or even bigger." This statement underscores the ambition of the rebranding and token introduction to position MakerDAO as a powerhouse in the DeFi sphere.
Christensen explained that the new tokens will exist alongside the old ones, allowing users flexibility. He remarked, "Token holders will be able to exchange DAI tokens 1:1 for USDS, while each MKR token can be swapped for 28,000 SKY tokens." This illustrates the interim phase and user choice during the transition.
Elaborating on the overhaul called 'Endgame,' Christensen stated, "...as part of the process, he first laid out plans of introducing 'upgraded' versions of the platform's stablecoin and governance token in May 2023 in a governance forum post." This depicts the strategic planning behind the new tokens.
Christensen also mentioned that the new user interface for earning rewards through the Sky.money application will be pivotal for attracting users. He noted, "The protocol is hinging its growth goals on native token rewards for USDS and SKY holders through the protocol's new user interface."
[
Collection
]
[
|
...
]