隨著 Sky 用國庫券支持 USDS，中心化逐漸蔓延

USDS 的實施讓 Sky 的用戶群和更廣泛的加密社群擔心中心化穩定幣的影響。

MakerDAO, a decentralized autonomous organization (DAO) known for its stablecoin DAI and MKR governance token, has unveiled a new branding identity as SkyDAO. This rebranding also introduces a new stablecoin, USDS, and an upgraded governance token, SKY. MakerDAO's MKR governance token will also see an upgrade as part of the rebranding, with the new governance token being called SKY.

MakerDAO 是一個去中心化自治組織 (DAO)，以其穩定幣 DAI 和 MKR 治理代幣而聞名，它推出了新的品牌標誌 SkyDAO。此次品牌重塑也引進了新的穩定幣 USDS 和升級後的治理代幣 SKY。作為品牌重塑的一部分，MakerDAO 的 MKR 治理代幣也將升級，新的治理代幣名為 SKY。

According to the SkyDAO team, this rebranding is intended to help the protocol reach the next level of adoption, particularly among users who have yet to experience the benefits of decentralized finance (DeFi). For example, SkyDAO hopes to attract centralized exchange (CEX) users with its new stablecoin, which will be backed by US treasury bills. This contrasts with the previous iteration, DAI, which was backed by other cryptocurrencies to maintain its decentralized issuance and functioning. However, the team and SkyDAO's CEO have emphasized that the protocol itself will remain decentralized and maintain the same community-driven governance that it had under the MakerDAO banner. The shift to the US dollar and dollar-backed reserves to fuel the stablecoin is a decision that was made in order to compete with USDT and USDC, the top two stablecoins.

SkyDAO 團隊表示，此次品牌重塑旨在幫助該協議達到新的採用水平，特別是在尚未體驗到去中心化金融（DeFi）好處的用戶中。例如，SkyDAO 希望透過其新的穩定幣吸引中心化交易所（CEX）用戶，該穩定幣將由美國國庫券支援。這與先前的迭代 DAI 形成鮮明對比，DAI 由其他加密貨幣支持以維持其去中心化發行和功能。然而，該團隊和 SkyDAO 的執行長強調，該協議本身將保持去中心化，並維持與 MakerDAO 旗幟下相同的社區驅動治理。轉向使用美元和美元支持的儲備來推動穩定幣是為了與兩大穩定幣 USDT 和 USDC 競爭而做出的決定。

Centralization Concerns Arise as SkyDAO Backs USDS With Treasury Bills

SkyDAO 用國庫券支持 USDS，引發中心化擔憂

The implementation of USDS has got SkyDAO's user base and the broader crypto community discussing the implications of a centralized stablecoin. For one, USDS will have a freeze feature, similar to USDT and USDC, which allows SkyDAO to halt the movement of funds if it deems it necessary. While USDT has notably used this feature to prevent cybercriminals from absconding with stolen funds, it does still bring into question the level of control that a company can have over a cryptocurrency. That sentiment was felt particularly strongly by the community as DAI, a decentralized stablecoin, transitioned into USDS, a centralized stablecoin.

USDS 的實施讓 SkyDAO 的用戶群和更廣泛的加密社群開始討論中心化穩定幣的影響。其一，USDS 將具有類似於 USDT 和 USDC 的凍結功能，允許 SkyDAO 在認為有必要時停止資金流動。儘管 USDT 主要利用這項功能來防止網路犯罪分子攜帶被盜資金潛逃，但它仍然讓人質疑公司對加密貨幣的控製程度。隨著去中心化穩定幣 DAI 轉變為中心化穩定幣 USDS，社區的這種情緒尤其強烈。

Moreover, users have noticed that the SkyDAO website has VPN blockers enabled for certain regions. These moves suggest that MakerDAO, now SkyDAO, is prioritizing global adoption by taking a regulation-first approach, which unfortunately entails sacrificing complete decentralization by integrating centralized processes into some aspects of its ecosystem and operations.

此外，使用者註意到 SkyDAO 網站為某些地區啟用了 VPN 攔截器。這些舉措表明，MakerDAO（現在的SkyDAO）正在通過採取監管優先的方法來優先考慮全球採用，不幸的是，這需要通過將中心化流程集成到其生態系統和運營的某些方面來犧牲完全去中心化。

Adam Cochran, partner at Cinnemhain Ventures, noted that this was to be expected given the path that SkyDAO is undertaking. “The reality is, if you want T-bill yield backing, even by secondary treasury deals, you're going to have a freeze function, and a VPN jurisdiction blocker.” He continued, “A trade off this industry needs to decide on, because you can't reap the benefits of the US tradfi system without its rule set.”

Cinnemhain Ventures 合夥人 Adam Cochran 指出，考慮到 SkyDAO 正在走的道路，這是可以預料到的。 “現實情況是，如果你想要國庫券收益支持，即使是通過二級國庫交易，你也將擁有凍結功能和 VPN 管轄區阻止程序。”他繼續說道，“這個行業需要做出權衡，因為如果沒有規則集，你就無法從美國 tradfi 系統中獲益。”