Maker (MKR), Sky (SKY) - MKR to SKY Phase One - 19 May 2025
Maker is upgrading from MKR to the new SKY token. This event is the first step of the change. Many traders follow big upgrades like this, as they can impact the value of both tokens. If investors expect SKY to improve the Maker ecosystem, they may buy more. On the other hand, some may sell if they do not like the change. How much the price moves will depend on how smooth the process goes and what new features SKY will have. This phase is only the beginning of the swap. sourceThe Executive Vote has been approved. Phase One of the MKR to SKY upgrade will be available for deployment starting May 19, 2025 at 14:00 UTC.An official announcement will follow once execution is complete.