# $SKY Launch

> Sky Rebrands: New dApp and Tokens Live!

**Published by:** [aundingoya.eth](https://paragraph.com/@aundingoya.eth/)
**Published on:** 2024-09-19
**URL:** https://paragraph.com/@aundingoya.eth/dollarsky-launch

## Content

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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