$MKR $USDC According to Odaily星球日报, the core governance design team of Atlas Axis at Sky (formerly MakerDAO) has submitted an important proposal to complete the upgrade process from MKR to SKY. If approved, SKY will become the sole governance token of the protocol while supporting staking to earn USDS rewards.
Proposal Details:
Replacing MKR with SKY:
MKR (the old governance token of MakerDAO) will gradually be completely replaced by SKY.
Users can convert MKR to SKY at a 1:1 ratio (optional).
SKY Staking Mechanism:
SKY holders can stake tokens to receive USDS (Sky's stablecoin).
USDS is designed to maintain a stable exchange rate, similar to DAI but with an upgrade mechanism.
Conversion Roadmap:
DAI and MKR will still circulate initially, but will gradually be encouraged to switch to USDS/SKY.
This process ensures a smooth transition, avoiding market shocks.
Response from the Sky Team:
Rune Christensen (Co-founder of Sky) calls this a "major milestone," marking the complete transition to the upgraded version of the protocol.
Atlas Axis emphasizes that SKY will enhance governance power for the community while generating sustainable revenue from staking.
Potential Impact:
With MKR: Value may gradually decrease if the community shifts to SKY.
With SKY: Demand will surge due to the staking mechanism and its exclusive role in governance.
With DAI/USDS: USDS may gradually replace DAI if widely adopted.
