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Voting Opens on Delayed Upgrade Penalty for MKR-to-SKY Conversions

A proposal would introduce a 1% penalty on MKR-to-SKY upgrades from September 22, 2025, rising by 1% every three months thereafter.

MKR
SKY

Summary

No Summary provided as the original text is short

Terms & Concepts
  • MKR: The governance token of the MakerDAO protocol, used for voting on proposals and protocol decisions.
  • SKY: A token intended to replace or succeed MKR in the proposed upgrade process.
  • Delayed Upgrade Penalty: A fee applied to token upgrades that increases over time, designed to incentivize timely migration.