Sky, formerly known as MakerDAO, is proposing a significant shift: replacing its existing MKR token with a new base token, SKY. This transition aims to streamline governance and potentially enhance the protocol's future development. The proposal, if approved by the MakerDAO governance, will see MKR holders receive SKY tokens at a conversion rate of 1 MKR to 24,000 SKY. This complete transition signifies a bold move for the protocol. While the specific reasons for the rebrand and token swap haven't been explicitly stated, it's likely driven by a desire to re-energize the community and provide a fresh start. This change could lead to increased participation in governance and attract new users to the Sky ecosystem. The impact on the DeFi landscape remains to be seen, but the transition to SKY could mark a new chapter for the project. ```

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