The MakerDAO community plans to hold a governance vote on November 4 on whether to abandon the Sky brand

PANews reported on October 23 that according to CoinDesk, MakerDAO is discussing whether to abandon the Sky brand due to the lukewarm market response after the rebranding. Despite the successful launch of the USDS stablecoin, the SKY token has performed poorly, falling 23% recently, far below the performance of the CoinDesk 20 Index. The community plans to hold a formal governance vote on November 4 to decide whether to restore the original Maker brand, maintain the Sky brand, or rebrand. MakerDAO founder Rune Christensen said that the community still highly recognizes the stability and trust of the Maker brand.

As reported earlier this week, Sky’s founders have proposed re-establishing the Maker brand, but with a series of rebranding moves .