Sky will focus on achieving the comprehensive migration of MKR to SKY next year and will launch more subDAOs

2024-12-19 10:30:09

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ChainCatcher news, Sky co-founder Rune Christensen stated that more effort will be devoted to fully migrating MKR to SKY by 2025, partly to help eliminate the confusion surrounding MKR and SKY. Updates and more details regarding the migration and conversion of MKR to SKY will be announced in 2025.

Christensen stated that this will not put MKR holders' funds at risk, "The upcoming new proposal will require migration in order to gain usability from the token. Our goal is to ensure that both CoinGecko and exchanges only support SKY, while MKR will simply be a traditional wrapper representing each MKR=24,000 SKY."

Sky also plans to launch more subDAOs, known as Stars, in 2025. Christensen mentioned that the changes in SKY's tokenomics (making it deflationary) open the door for a new Star strategy, under which more subDAOs can be launched and have operational freedom.

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