CandleFocus MakerDAO founder proposes strict deflationary tokenomics amid rebranding process
2024-11-01
Author: Content Editor
Rune Christensen, the founder of Sky (formerly MakerDAO), has proposed a deflationary approach to the protocol's governance token. If approved, the changes would eliminate token emissions and make the token structure strictly deflationary. The proposal also includes the introduction of "Star Token Rewards" and the potential rebranding of MKR tokens as Wrapped 24k Sky Tokens (SKY24K). The community will vote on whether to retain the Maker brand or fully adopt the Sky identity. The final vote will take place from Nov. 11 to Nov. 14.
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