MakerDAO voted to maintain its recent rebrand, which will remain Sky, after facing a backlash that the decentralized autonomous organisation behind the oldest and largest Ethereum-based algorithmic stablecoin DAI was squandering its industry-wide approval. Nearly 80 per cent of the votes voted in favour of keeping "Sky as a backend protocol brand", but just four of the roughly 20 voting entities, each with about 20 per cent of the vote, accounted for almost all of the vote, while only one large entity opposed the proposal.