Four weeks after one amongst the glorious rebrands in the area of decentralized finance (DeFi), the Maker DAO neighborhood will vote on whether or no longer the protocol’s original identification ‘Sky’ become the excellent form switch.

In a Monday governance post, Maker DAO cofounder Rune Christensen proposed developing different roles for Sky and Maker, while recentering the Maker trace and bringing it abet in the spotlight.

“So a lot of of us were unclear on the utility of the Sky token, instead of the re-denomination of 1MKR to 24,000 SKY, and there had been questions in regards to the introduction of token emissions,” acknowledged Christensen.

“Also, the usage of Sky as the name of the protocol, the token and the front end, positively added some confusion.”

Christensen requested the neighborhood to vote for one amongst three alternate solutions: to proceed with Sky as the core trace, to reintroduce the Maker trace with MKR as the only real governance token of the DAO, or ship Maker abet to center stage with a refreshed trace identification that align it with USDS and the StarDAOs.

A neighborhood call on Oct. 25 has been scheduled to communicate in regards to the solutions and how the final conception will be done in the weeks to reach.

“Once a decision has been made on the route of the core trace, then the next steps will be to accept as true with if there ought to be adjustments made to the tokenomics, and additionally the next steps with the Sky trace and the SKY token,” acknowledged Christensen.

The rebrand to Sky become meant to indicate Maker’s total transformation in its 5-portion “Endgame” upgrade. USDS become offered as an upgraded version of the DAI stablecoin, with SKY changing MKR as the protocol governance token.

Sky additionally offered “Sky Stars” (beforehand SubDAOs), meant to have their very have industry fashions, token governance and treasury, while functioning throughout the Maker ecosystem.

At the time of the rebrand, some industry watchers took bid with a seemingly freeze just deliberate for USDS, viewing it as a trace of censorship.

At the time of writing, USDS had $1.12 billion in Entire Value Locked (TVL), while DAI had $5.12 billion in TVL.