Rune Christensen, the co-founder of Sky, says the ultimate goal is to turn MKR into a wrapper that represents 24,000 SKY.
The proposal to buy back tokens with protocol revenues is intended as a new value accrual mechanism for tokenholders.
Bitcoin is back above $100,000 after a slight correction early this week. A 2024 Pew Research Center poll shows that 17% of U.S. adults say they have ever invested in, traded, or used a cryptocurrency. This statistic has been unchanged since 2021.
The CeDeFi stablecoin has attracted billions of inflows due to double-digit staking yields.
DWF Labs is already a resident of Dubai’s Dubai Multi Commodities Centre. It wouldn’t be the first crypto firm to have a presence in both emirates, however.