Maker (MKR) - MKR Upgrade Penalty - 15 Dec 2025
Following a successful governance vote, any MKR token upgrading to SKY after 14:00 UTC on December 15, 2025, will incur a 2% penalty. The confirmed update from Maker’s ecosystem, as seen in the official communication, directly impacts holders considering the upgrade route. Penalty mechanisms are designed to incentivize prompt action or maintain system stability, but in this case, they may pressure MKR holders to convert ahead of the deadline, which can temporarily influence selling or conversion flows and drive short-term volatility in both MKR and SKY markets.The vote has passed.As a result, a 2% penalty will apply to all MKR to SKY upgrades starting December 15th, 2025 14:00 UTC.