Maker (MKR), Dai (DAI) and Others - Penalty Increase Vote - 11 to 15 Dec 2025
A governance vote will be held from December 11 to December 15, 2025, to increase the delayed upgrade penalty from 1% to 2% for holders converting MKR to the new SKY token. According to the vote proposal, if approved, the higher penalty will apply starting December 15. This could incentivize holders to convert sooner, potentially creating short-term MKR sell pressure and affecting migration flows as participants act to avoid extra costs. Such governance changes can directly influence price dynamics during and shortly after the voting process.A new vote will go live on Thursday, December 11th to increase the Delayed Upgrade Penalty from 1% to 2% for late conversion of MKR to SKY.If the vote passes, a 2% penalty will apply to all MKR to SKY upgrades starting Monday, December 15th, 2025.