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Sky Initiates Vote to Double Delayed Upgrade Penalty for MKR to SKY

Sky announced a community vote to increase the delayed upgrade penalty for MKR to SKY conversions, potentially doubling it from 1% to 2% effective December 15, 2025 if approved.

SKY

Summary

Sky has opened voting to raise the delayed upgrade penalty on MKR to SKY conversions from 1% to 2%. According to the announcement on X, if the proposal is accepted, the change will be implemented on December 15, 2025.

Terms & Concepts
  • Delayed Upgrade Penalty: A fee applied when a protocol upgrade is performed later than scheduled, intended to incentivize timely updates.
  • MKR to SKY: A conversion process between MKR (MakerDAO governance token) and SKY, the updated governance token introduced in a protocol upgrade.