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DeFi just started.
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A new Executive Vote is live. If approved, the Phase One of the MKR to SKY upgrade will be executed, enabling the following actions: • Define the governance token upgrade process from MKR to SKY. • Disable SKY-to-MKR conversion. • Launch a new MKR-to-SKY converter contract at a fixed 1:24,000 rate with an adjustable penalty. • Enable SKY as the governance token of the Sky Ecosystem. • Launch SKY staking with new collateral parameters. Alongside other additional changes required to complete the upgrade from MKR to SKY. This executive proposal includes an office-hours modifier that means that it can only be executed between 14:00 and 21:00 UTC, Monday - Friday.
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Track all treasury activity on the Sky Risk & Analytics Dashboard. Holdings, buybacks, inflows, outflows. Fully transparent, in real time. Just as it should be.
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Spark. The first Star. Now one of the largest lending protocols, powering DeFi as an onchain capital allocator. $5B in deposits. 10,000 ETH deployed by the Ethereum Foundation. $2.6B+ in liquidity allocated. A proof of what Star founders can build.
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The Sky Community Call #5 recording is now available. Includes updates on treasury strategy, refinements to USDS demand metrics, and a closer look at the AI-powered capital allocation system behind Stars and protocol efficiency.
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