When a DAO grows up: Maker → Sky A token upgrade from $MKR to $SKY. Here’s why this matters, and what you need to know🧵 @SkyEcosystem

$SKY a gov token built for scale ✅ Streamline on-chain votes ✅ Introduce staking + USDS rewards ✅ Enable better delegation ✅ Improve voter participation 🔗

MKR holders can update to SKY 1:24,000 at any time. 1 $MKR = 24,000 $SKY voluntary. non-custodial. onchain. no CEX drama. just connect wallet n go.

All voting rights move to SKY. This prevents dual-token confusion. SKY-only governance.

Upgrade perks: before Sept 18 -> full 1:24,00 rate starting Setp 18 -> 1% penalty then, the penalty increases 1% every three months until it reaches 100% in 25 years just nudging lazy DAO folks. funds go to protocol, governed by... u guessed it, $SKY holders lol

But adoption is still early-stage: • Only ~48% of MKR has upgraded

$SKY staking is live now! USDS rewards are live too! You can now access USDS rewards while helping govern a protocol with: • Real yield • RWA integrations • Growing ecosystem (Spark, Stars, etc) Detail :

$MKR changed DeFi history 2017: • first DAO • first onchain stablecoin • survived Black Thursday now it’s $SKY new era. new tooling. Bigger ambition Looking forward to the next chapter