DAI-issuer MakerDAO is considering adding $600 million DAI into Ethena’s yield-bearing USDe and sUSDe stablecoins via the Morpho lending protocol. It added an initial $100 million on March 29th, enhancing DAI yields with USDe’s funding rate arbitrage strategy. Some DAO members are hesitant to ramp up Maker’s exposure to the relatively new protocol so quickly, though the proposers maintain that the risk parameters are acceptably low.
Tuesday, April 2, 2024MakerDAO has rebranded to "Sky" and is set to launch a new stablecoin, USDS, and a governance token, SKY, on September 18, marking a large overhaul in its operations. The rebranding includes a new UI that aims to make the platform more approachable and expandable with a metaDAO ecosystem called "Sky Stars" for decentralized project governance. While the existing DAI and MKR tokens will remain, they can be voluntarily upgraded to the new tokens.