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Sky community is considering the final proposal to replace MKR with SKY as the sole governance token
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Doge Slayer
2025-05-01 21:48
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Author:Shuzang Metaverse

On May 1, Atlas Axis, Sky’s (formerly MakerDAO) core governance design team, submitted a proposal Wednesday that would complete an agreement upgrade from MKR to SKY if approved. This shift will make SKY the only governance token and support staking, unlocking USDS rewards for SKY holders.


Sky co-founder Rune Christensen praised the proposal as a "huge milestone" in a forum post. While USDS and SKY were launched as upgraded tokens, DAI and MKR are still in circulation, and users can choose to convert their tokens into new tokens, thus achieving a gradual transition.

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