Maker(MKR) Token Swap and Rebranding to Sky(SKY)
Sky is the best and easiest place to get rewarded for saving. Built on the oldest and most profitable decentralized finance protocol. Powering a scalable ecosystem of Stars.
After more than 2 years of meticulous work by the ecosystem, Sky is here! MakerDAO is now Sky, and the long anticipated upgrades to the protocol and ecosystem - known by the codename Endgame - are now coming to life.
With Sky, the Maker Protocol has used its decentralized governance processes to upgrade and extend itself:
Two upgraded tokens: USDS and SKY
A new website and DeFi app: Sky.money (maintained by an independent entity)
Brand new killer feature: Native Token Rewards
Ecosystem scalability breakthrough: Stars (Formerly known as SubDAOs) are small, specialized, decentralized ecosystems within the broader Sky Ecosystem.
USDS
The upgraded stablecoin of the Sky Ecosystem is USDS.
USDS can be upgraded from Dai or converted from USDC at a 1:1 ratio, on Sky.money and other frontends. USDS can also be converted back to Dai. Upgrading is optional.
SKY
The Governance Token of the Sky Ecosystem is SKY.
MKR holders can upgrade their MKR to SKY, and SKY can also be converted back to MKR. Upgrading is optional.
Users get 24.000 SKY per MKR when they upgrade.
Announcement from the project team
- https://x.com/SkyEcosystem/status/1828405625828843710
- https://forum.sky.money/t/sky-has-arrived/24959
