2024-08-28
MakerDAO was an OG DeFi protocol aiming to build an autonomous, decentralized stablecoin for the internet with low volatility against fiat currency, backed by ETH. DAI is now migrating to USDS, a censorable stablecoin that goes against its original vision. RIP DAI, 2017-2024 [image]
CoinDesk
MakerDAO rebrands as Sky and debuts a new USDS stablecoin, but users criticize USDS after noticing that the token lets the issuer remotely freeze the asset
Krisztian Sandor / CoinDesk :