Happy Tuesday! In today's newsletter, Sky mulls a return to the MakerDAO brand, analysts outline what's next for crypto's "killer use case," DAO treasury management provider Karpatkey raises $7 million and more.
Let's get started.
Less than two months after rebranding to Sky, the stablecoin-focused DeFi protocol's founder, Rune Christensen, proposed three options for further brand changes, including returning to the MakerDAO identity.
With stablecoins now a $177 billion market, they have arguably become the most dominant application of crypto technology — but what’s next for the industry's "killer use case?"
Karpatkey has closed a $7 million funding round to expand its onchain treasury management services for DAOs and extend its reach to traditional financial institutions.
Komainu, the crypto custody firm backed by Nomura, is set to acquire Singapore-based crypto custodian Propine, subject to approval from the Monetary Authority of Singapore (MAS).
Decentralized cross-chain bridge Across Protocol proposed capping its ACX supply at one billion tokens following criticism from the founder of interoperability platform LayerZero, Bryan Pellegrino.
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