The Sky Ecosystem has officially transitioned to using SKY as its sole governance token, replacing Maker (MKR). The governance vote to proceed with a full migration from MKR to SKY has been completed, and users are encouraged to upgrade their MKR tokens to SKY voluntarily. A delayed upgrade penalty will be implemented starting in September 2025, prompting holders to complete the migration promptly. Multiple platforms including DeFi Saver, CoW Swap, Sky App, and Summer Finance support the upgrade process. Additionally, Yearn Finance has upgraded its Sky Rewards Compounder Vault to align with the migration, temporarily removing fees to incentivize users. The Sky Ecosystem has also launched a campaign on Layer3 to encourage participation and reward users with USDS stablecoins, highlighting its focus on autonomous decentralized finance (DeFi) through Agents, native savings, and permissionless governance.
Upgrade your MKR to SKY. Do more in DeFi. Use your favorite frontend: · Sky App · @DeFiSaver · @CoWSwap · @summerfinance_ Don’t wait. https://t.co/bb3oG7ZAAv
Maker is completing it's token upgrade to @SkyEcosystem Here's everything you need to know about it 👇 1/6 https://t.co/baC59qxM2e
NEW CAMPAIGN LIVE: Welcome to Heaven Discover how @SkyEcosystem is pioneering autonomous DeFi through Agents, native savings with USDS, and permissionless governance. Check it out: https://t.co/ktj09CVqe6 https://t.co/8DMpqGARsg