The Sky Protocol has officially moved to the use of Sky as the only governance token, replacing MKR
The Sky Protocol has officially moved to the use of Sky as the only governance token, replacing MKR. This upgrade allows holders to maintain the participation of governance, access to the awards on Sky tokens and contribute to the continuous development of the protocol in decentralized finance (DEFI). Since the transition, 26% of MKR tokens have been migrated to the sky. The migration marks the completion of a key step towards activating the rewards of implementation on the sky, which will soon offer users rewards in USD, with additional stimulation rewards in Spark (SPK) to follow. MKR holders are encouraged to go voluntarily to Sky, with a delayed upgrading penalty that should start in September. The upgrade process is supported on platforms such as cow exchange, facilitating a smooth transition for users.
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