People totally misunderstand the Maker > Sky rebrand and why it is a big success 2 most important things were achieved1) USDS can now be blacklisted so Maker/Sky can't be seen as a shady mixer in the

CN
2 months ago

People totally misunderstand the Maker > Sky rebrand and why it is a big success

2 most important things were achieved

1) USDS can now be blacklisted so Maker/Sky can't be seen as a shady mixer in the eyes of regulators

2) Sky probably got an extra $1B+ of liquidity. How? There are a lot of DAI that are lost/inactive/in the hands of exploiter (the biggest Curve LPer is a Wintermute exploiter)/etc.

Since these DAI won't be converted to USDS, Sky gets quite a big boost on the liquidity


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