The new USDS stablecoin from Maker, now Sky, has a freeze function which the project's founder claims won't be part of the token at launch.
Decentralized finance project Maker, which has rebranded to Sky, has seen backlash over its recently upgraded stablecoin, with observers noting it will have a so-called “freeze function.”
Maker’s new stablecoin, USDS, will supposedly have a function allowing its issuer to freeze the token, some online observers noted, who added that it could bring into question the decentralization of the protocol.
“Doesn’t this completely defeat the purpose of the project? Am I missing something here?” Monad marketer “Tunez” asked his 155,000 X followers on Aug. 28.
