Token swap and rebranding of Maker (MKR) to Sky (SKY)

Maker (MKR) is rebranding to Sky (SKY). Bybit will support the token swap, automatically converting all MKR to SKY at 1 MKR = 24,000 SKY.

[h2] Key updates & timeline

[h3] Spot

Delisting & listing

• Delisting of MKR/USDT pairs: Sep 2, 2025, 8AM UTC

• Listing of SKY/USDT pairs: Sep 4, 2025, 8AM UTC

• All open orders will be automatically canceled after delisting

Deposits & withdrawals

• Closing of MKR deposits: Sep 1, 2025, 8AM UTC

• Opening of SKY deposits/withdrawls: Sep 4, 2025, 8AM UTC

• Upgrade now to avoid [Delayed Upgrade Penalty](https://upgrademkrtosky.sky.money/)

[h3] Rebranding

MKR tokens will trade under the new ticker SKY at a 1 MKR = 24,000 SKY conversion rate.

[h3] Convert

• Removal of MKR from Bybit Convert: Sep 2, 2025, 8AM UTC (no further conversions from/to MKR)

• Removal of MKR from Bybit Convert Small Balances: Sep 2, 2025, 8AM UTC (no conversions to MNT/USDT/USDC)

• Conversions involving MKR will be unavailable after the above date

[h3] Borrowing (UTA), Crypto Loans and Institutional Loans

• Closing of MKR new orders: Aug 22, 2025, 8AM UTC

• Ending of MKR collateral and repayments (UTA, Crypto Loans or Institutional Loans): Aug 29, 2025, 8AM UTC

• Repayment deadline: Aug 29, 2025, 8AM UTC

• Unpaid loans will be auto-repaid and may result in losses. Adjust margin before the deadline, and monitor MMR and LTV to avoid liquidation

[h3] Easy Earn

• MKR no longer accepted for new Flexible Easy Earn orders

• Removal of MKR from all Earn products (including Bybit Easy Earn): Sep 1, 2025, 8AM UTA

• Principal and accrued yield from MKR staking in Bybit Easy Earn will be automatically credited to your Funding Account

[h3] DCA Bot & Spot Grid Bot

• Ending of MKRUSDT DCA Bots and Spot Grid Bots: Sep 2, 2025, 8AM UTC

• Launching of SKYUSDT Bots: Sep 4, 2025, 8AM UTC

• Close all MKRUSDT Bots before the deadline to avoid automatic termination

If you've any questions, reach out to our Customer Support via this [form](https://www.bybit.com/en/help-center/s/webform).

Thank your for your continued support.