Sky co-founder Rune Christensen emphasized that the DeFi community has shown strong support for the Maker brand, highlighting its essential qualities of stability, security, and scalability.
Christensen outlined three proposals to address community concerns: continue with the Sky brand, revert to the Maker brand and MKR as the sole governance token, or create a revamped Maker branding that aligns with the current ecosystem.
Despite the launch of the SKY token, several contributors have noted the token has not met growth expectations, as evidenced by its 23% decline in the last two weeks.
The introduction of the 'freeze function' to ensure regulatory compliance has drawn criticism for its ambiguous utility and the possible long-term risks it poses to the ecosystem.
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