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.The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
