# $SKY Launch

*Sky Rebrands: New dApp and Tokens Live!*

By [aundingoya.eth](https://paragraph.com/@aundingoya.eth) · 2024-09-19

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Sky, formerly known as Maker, has launched a fresh dApp along with its new tokens: $SKY and $USDS. Existing holders of $MKR and $DAI can easily convert to the new tokens at great rates.

**Highlights:**

\- **New Tokens:** $SKY and $USDS are now live on the mainnet.

\- **Smooth Migration:** $MKR and $DAI holders can switch to $SKY and $USDS easily.

\- **Attractive Yields:** Earn 6% APY on $USDS deposits, boosted to 12% for the first month!

\- **New SubDAO:** Chronicle, Sky’s oracle network, is now a SubDAO.

\- **Simplified Governance:** This rebrand is part of MakerDAO’s “Endgame” strategy to streamline operations.

Sky is not just rebranding; it’s transforming DeFi into a more user-friendly experience, paving the way for future growth.

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*Originally published on [aundingoya.eth](https://paragraph.com/@aundingoya.eth/dollarsky-launch)*