MakerDAO, one of the best-known and oldest decentralized finance applications, will be called Sky as part of a rebranding effort aimed at boosting usage of the crypto lending platform.
Rune Christensen launched MakerDAO in 2014, making it one of the first applications Challenge, where users can trade, lend, and borrow directly from each other, without using intermediaries like banks. The lending app has gained a following among early cryptocurrency adopters, known as OGs, or original gangsters. In recent years, even banks like Société Générale and Huntington Valley Bank have used it to test the DeFi waters. And MakerDAO has made waves with investments in U.S. Treasuries.
