**MakerDAO Founder Rune Christensen Proposes Strictly Deflationary Governance Token**
Rune Christensen, founder of Sky (formerly MakerDAO), has proposed a new, strictly deflationary approach to the protocol’s governance token. The proposal comes as the community prepares to vote on whether to revert its brand to MakerDAO or adopt the Sky identity on November 11.
**Deflationary Tokenomics**
The proposed changes would affect the governance token supply, whether it continues as SKY or pivots back to MSEK. If approved, the tokenomics would eliminate token emissions under regular conditions, transforming the token structure to be strictly deflationary. A burning mechanism would permanently reduce the total token supply over time, with exceptions only in cases of significant financial shortfall that could jeopardize Maker’s stablecoins, USDS and DAI.
To incentivize engagement, the ecosystem would introduce “Star Token Rewards,” including Spark (SPK), which token holders could earn through governance participation and activation of Maker’s Seal Engine.
**Rebranding Scenarios**
The community vote will also decide whether to retain the established Maker brand or fully adopt the Sky identity. If the Sky brand wins, MakerDAO plans to migrate the entire MKR ecosystem into SKY, rebranding MKR tokens as Wrapped 24k Sky Tokens (SKY24K). This transition aims to simplify integration, enabling MKR holders to access Seal Engine features and governance without complications.
If the Maker brand prevails, Sky would shift into an auxiliary role as a “Star,” promoting adoption in a way complementary to Spark. Under this structure, Sky’s token would be renamed OLD_SKY, convertible back to MKR at a fixed rate or exchanged for tokens governing the Sky Star.
**Dual-Star System**
Christensen’s proposal envisions Spark and Sky as complementary “Stars” within Maker’s ecosystem, targeting both the supply and demand sides. While Spark would focus on collateral allocation and borrowing incentives, Sky would concentrate on building adoption through USDS utilization.
Sky would control the Sky.money platform and operate with an Accessibility Reward system, providing incentives for projects that increase USDS adoption. Spark would hold exclusive rights to Maker’s Allocation System.
**Upcoming Vote**
The final vote on this proposal will take place from November 11 to November 14, with additional details to be released in the coming days.