May 1 news, Sky (formerly MakerDAO)'s core governance design team Atlas Axis submitted a proposal on Wednesday. If approved, the proposal will complete the protocol upgrade from MKR to SKY. This transition will make SKY the sole governance token and support staking, unlocking USDS rewards for SKY holders. Sky co-founder Rune Christensen praised the proposal as a "huge milestone" in a forum post. Although USDS and SKY are launched as upgrade tokens, DAI and MKR are still in circulation, allowing users to choose to convert their held tokens into the new tokens for a gradual transition.