Maker(MKR) Rebrand to Sky(SKY)

MakerDAO is now Sky — the next evolution of DeFi. SKY is the sole governance token of the Sky Ecosystem and the upgrade of MKR. SKY token holders can use their SKY to participate directly in Sky Ecosystem Governance through a system of decentralized onchain voting, and/or to entrust their voting power to one or more governance delegates or a contract that they own. Voting with MKR is no longer possible.

New Project Name: Sky

• New Token Symbol: $SKY : https://etherscan.io/address/0x56072C95FAA701256059aa122697B133aDEd9279

Old Project Name: Maker (which needs to be upgraded to Sky)

• Old Token Symbol: $MKR (which needs to be upgraded to SKY): https://etherscan.io/token/0x9f8f72aa9304c8b593d555f12ef6589cc3a579a2

Upgrade is at the rate of 1:24.000 (1 MKR = 24.000 SKY). However, to encourage timely migration, governance has proposed a 1% Delayed Upgrade Penalty will be applied to all MKR-to-SKY upgrades starting September 18. increasing by 1% every three months thereafter.