Sky's core governance team Atlas Axis has submitted a proposal to upgrade the Sky ecosystem from MKR to SKY, making SKY the only governance token and enabling staking functionality. Sky, formerly known as Maker, was renamed Sky in 2024 through the "Endgame" strategy and launched USDS (with a supply of over $7.5 billion) and SKY tokens to replace DAI and MKR. MKR can be converted to SKY at a ratio of 1:24000. Starting from September 18th, a 1% fee will be charged for the conversion, which will increase by 1% every three months. After the proposal is passed, the governance rights will be fully transferred to SKY, and the conversion is expected to be completed from May 15th to 19th (depending on on on on chain voting). (TheBlock) http://(wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=41818