Breaking News: Transition from DAI to USDS
MakerDAO has announced a major rebranding, transitioning from DAI to USDS and changing its name to Sky.
Important changes include:
Key Changes
DAI will be replaced by USDS
MakerDAO becomes Sky
Both tokens will coexist
1:1 exchange ratio between DAI and USDS
New Features in USDS
Introduction of centralized functions
Ability to freeze assets
Access restrictions for UK and US users
Potential restrictions for other groups
Why These Changes Matter
Enables passive income through US Treasury bonds
Improves security for secondary market transactions
Requires more centralized control features
Market Scale and Trust
The current market capitalization of Dai is €5.14 billion. This is not just a number - it's an indicator of user trust in the system. For comparison, it's as if every resident of a major European city held their savings in the system. The high market capitalization makes DAI one of the largest decentralized stablecoins in the world and shows that thousands of people and organizations trust their funds to this system.
What are MakerDAO and DAI?
Once, the emergence of the internet changed how people communicate. MakerDAO is doing something similar with finance. It's as if you could create your own bank, where rules are transparent and unchangeable, and all decisions are made by the community rather than a group of managers in expensive suits.
How Does DAI Work?
Imagine that USDT (Tether) is like dollars in a digital bank cell: Tether company says "trust us, the money is there," but you can't look inside. DAI works differently. It's like a transparent safe where everyone can see what's inside. Moreover, this safe always holds more value than the amount of DAI issued. If something goes wrong, the system will automatically conduct a "sale" of collateral to protect DAI's value.
Key Differences: DAI vs USDS
DAI Features
Fully decentralized
No freeze function
Algorithmic stablecoin
Crypto-collateralized only
Smart contract automation
USDS Features
More centralized control
Has freeze function
Geographic restrictions
Enhanced yield opportunities
Traditional financial integration
System Advantages
Autonomy
No one can freeze your DAI
The system works like clockwork, even when the entire internet goes crazy over another meme coin
You are your own bank
Innovation
You can not only store but also create DAI using crypto assets as collateral
The system is like a LEGO constructor - you can build different financial instruments
New use cases are constantly emerging
Points to Consider
Responsibility
No support service to restore access
You must maintain key security yourself
Need to understand system operating principles
Who Is It For?
Advanced DeFi Users
Those who have mastered basic tools
Seeking additional stability
Ready to learn complex financial protocols
Institutional Investors
Requiring enhanced reliability
Working with large volumes
Using complex trading strategies
DeFi Developers
Creating new financial products
Integrating stablecoins into their projects
Experimenting with new models
Important Updates: Project Endgame
MakerDAO continues to evolve and recently announced a major update within the Endgame project. Let's break down the key changes in simple terms:
New Tokens and Features
Stablecoin Update
NewStable (NST) appears alongside DAI
Free conversion between DAI and NST at 1:1 ratio
DAI will focus on the crypto segment
NST targets mass adoption beyond the crypto world
Governance System Update
NewGovToken (NGT) appears in addition to MKR
Conversion rate: 1 MKR = 24,000 NGT
Goal - make governance more accessible to a wider audience
Voting participation opportunities remain
Why Is This Important?
More flexible system for different users
Expanded governance capabilities
Drive toward mass adoption
Preservation of all current system advantages
How to Exchange DAI for Fiat
Reliable Partner in Georgia
AllTrust.Me offers a convenient way to exchange DAI for fiat currencies. The company is present in two key Georgian cities:
Exchange Benefits:
Fast application processing
Comfortable office
Professional approach
Secure operations
How to Exchange:
Create a request on AllTrust.Me website
Choose a convenient office in major Georgian cities
Receive fiat funds in a comfortable environment
Why Choose This Exchange Method:
Legal operations
Transparent exchange conditions
Professional support
Convenient office locations in city centers
The crypto community has expressed concerns about the transition from DAI's decentralized nature to USDS's more controlled environment. According to Cinneamhain Ventures partner Adam Cochran, these control features are necessary for safely providing yield-generating tools through US Treasury bonds, even in secondary markets.
MakerDAO's evolution from DAI to USDS represents a significant shift in the decentralized finance landscape, balancing traditional financial integration with crypto innovation.
Excellent market rates
