SKY co-founder considering rolling name back to MakerDAO

Rune tweeted about community's confusion from the rebrading, and proposed a few options for communities to vote.

Option 1: Continue with Sky as the Core Brand
Option 2: Recenter the Maker Brand with its original brand identity
Option 3: Recenter the Maker brand with a refreshed brand identity

The idea is to split the two brands

* Maker = the decentralized protocol that powers USDS, DAI and the ecosystem of StarDAOs. The only governance token for Maker is MKR. Depending on if the community wants it, the Maker brand could be refreshed and updated to fit the new era, or keep its classic look.

* Sky = Specifically focused on serving the needs of DeFi end users as the best and easiest place to get rewarded for saving - powered by the unique features and products of Maker. In contrast to Spark, which focuses on the backend collateral management and more sophisticated users, Sky focuses on the frontend and demand-side of the USDS equation, ensuring there are now two complementary frontends incubated by Maker.

Kraken to launch INK blockchain in early 2025

Kraken, a centralized cryptocurrency exchange (CEX), plans to launch its own blockchain dubbed “Ink” in early 2025, focusing on decentralized finance (DeFi) applications.

According to a Bloomberg report, Ink aims to enable users to trade, borrow and lend tokens without intermediaries — taking a step away from the CEX’s current position in crypto and Web3.

The anticipated launch of Kraken’s blockchain aims to simplify the DeFi process for a broader audience and make it accessible and cost-effective for users.

As another ETH L2 chain, INK also chose Optimism stack like Coinbase's BASE and Uniswap's UNI, instead of Arbitrum, ZKSync...

SHAR token deck release

The $SHAR token launched and soon after it trades on Raydium, an insider sold $3 million / 22,000 SOL in a single click. Meanwhile, there's an internal deck released where 50+ KOLs have been onboard.

Price goes like https://dexscreener.com/solana/3zm5bnjvk5xpj2ckdqajq1hbqslwz6f3jzsmn5yzek1c

And then the project team posted on X due to the FUD, we no longer had the funds to continue operations.

Will this 'fully decentralized from rug' become a new MEME legend?

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