SKY now on Blockchain.com

SKY, MakerDAO’s new governance token, is now available on Blockchain.com. This launch marks an important step for MakerDAO as it transitions away from MKR to SKY.

As part of the migration, MKR will gradually be phased out. Both MKR and SKY will remain tradeable until September 11. After that date, MKR will no longer be supported and balances will move to SKY.

What is SKY?

SKY is the native governance token of the decentralized Sky Protocol and Ecosystem, and the upgrade of MKR. It plays a central role in MakerDAO’s governance, enabling token holders to guide the protocol’s future, vote on proposals, and support the stability of its products. As an evolution of MKR, SKY is designed to provide a more robust foundation for scaling governance while maintaining MakerDAO’s commitment to decentralization.

Why it matters

The migration from MKR to SKY introduces an updated governance framework for MakerDAO. By transitioning from MKR to SKY, MakerDAO introduces a more flexible and scalable governance structure that can adapt to the growing needs of DeFi. This upgrade strengthens the ecosystem by:

• Expanding participation in decision-making.
• Enhancing security and efficiency for protocol upgrades.
• Supporting long-term growth of decentralized stablecoins and financial products.

With SKY, MakerDAO sets the stage for a more sustainable, inclusive, and future-ready governance model in DeFi.

With SKY on Blockchain.com, you can now:

• Buy and sell SKY with your local currency
• Swap it with other popular crypto
• Deposit and withdraw on supported networks

Explore SKY today in your Blockchain.com Wallet 👉 Start Now