Sky Founder: plans to make additional proposal to change core tokens to strict deflationary model

On October 30th, Sky (formerly MakerDAO) founder Rune Christensen posted that an additional proposal is being planned to change the core token (whether it turns out to be MKR or SKY) to strictly deflationary token economics. No more tokens will be issued under normal circumstances, and the total supply will only decline over time as the destruction engine permanently removes tokens from circulation. The only exception to this would be a collateral shortage, which would put USDS and DAI at risk of bankruptcy. This is the original MKR token economics.

Meanwhile, in addition to the strict deflationary purchase and destruction token economics, core tokens (MKR or SKY) can still be activated to receive star token rewards, such as Spark SPK.

This additional proposal will follow up on the branding decision and be voted on the following week (November 11 to November 14), with more details on the proposal to be announced later this week.