Sky
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Sky enables users to get rewarded for non-custodial saving with USDS.
S&P Global Ratings assigns first-ever DeFi credit rating to Sky Protocol
S&P Global Ratings published a 'B-' issuer credit rating (stable outlook) for Sky Protocol (formerly Maker Protocol), the first structured-finance credit rating a major agency has given to a DeFi protocol.
USDS, SKY and sUSDS launch on mainnet via Sky.money
The new USDS stablecoin and SKY governance token went live with the Sky.money app and the Sky Savings Rate (sUSDS), replacing the legacy Dai Savings Rate environment.
MakerDAO rebrands to Sky
Under founder Rune Christensen's Endgame plan, MakerDAO announced its new Sky identity and the USDS stablecoin and SKY governance token, with the takeover of DAI (1:1) and MKR (1:24,000) upgrade paths.
Maker governance votes not to compensate Black Thursday victims
Processing of the vote concluded against compensating Vault owners affected by the March 12 flash crash, a landmark governance outcome on MKR payout policy.
MakerDAO suffers "Black Thursday" crash losses
A ~50% ETH price crash within hours triggered mass Vault liquidations; network congestion let a bot acquire over $8.32 million in ETH via zero-bid auctions, leaving DAI depegged and ~$4.5 million unbacked.
Multi-Collateral Dai (MCD) goes live on mainnet
MakerDAO activated its upgraded system supporting multiple collateral types and introduced the Dai Savings Rate, replacing single-collateral Dai.
Andreessen Horowitz (a16z) invests $15 million in MakerDAO
a16z committed $15 million to purchase roughly 6% of MKR supply, gaining a governance stake in the Maker/Dai Credit System.
MakerDAO launches Single-Collateral Dai (DAI) on the Ethereum mainnet
MakerDAO deployed the first decentralized stablecoin on Ethereum, single-collateral Dai backed by Ether, laying the foundation of the Maker Protocol.