Over 61% MKR Swapped for SKY in MakerDAO Rebranding
- MakerDAO swaps MKR for SKY, major exchanges confirm.
- Over 61% of MKR tokens swapped for SKY.
- DAI transitioning, possible impact on collateral structuring.
Over 61% of MKR tokens were exchanged for SKY as MakerDAO rebranded in a tokenomics update, impacting major exchanges globally with the new swap ratio effective September 2025.
The swap propels MakerDAO’s strategic shift aiming to enhance the ecosystem’s adoption, reflecting significant changes within the DeFi landscape and influencing market perceptions of decentralized finance’s evolution.
MakerDAO has undergone a rebranding process, with over 61% of MKR tokens swapped for SKY. This move aligns with the network’s strategy to overhaul its tokenomics. This significant change has been officially confirmed by major cryptocurrency exchanges like Binance and Bitfinex.
Key entities involved in this swap include MakerDAO’s core team and prominent exchanges like Binance and Bitfinex. The swap ratio is set at 1 MKR = 24,000 SKY. MakerDAO aims to introduce the SKY token as its new governance asset.
“This transition marks a new chapter in the MakerDAO ecosystem, designed to expand adoption and usability under its new identity called Sky (SKY).” – MakerDAO Leadership, Governance Team
The implications of this change are evident across cryptocurrency markets, as MKR trading pairs have started to be delisted. New liquidity pools and trading pairs for SKY are being introduced, affecting various stakeholders in the industry.
With DAI transitioning to USDS, this shift could reorganize the underlying collateral structures. Financial sectors are closely watching the regulatory landscape’s response as this adjustment might introduce new standards in decentralized finance.
The expected volatility may present opportunistic trading scenarios. Exchange liquidity managers are advised to realign their strategies quickly.
Historical precedents such as the AAVE token swap provide important insights. These events saw temporary market disruptions, often followed by stabilization. Experts suggest observing on-chain data to forecast regulatory and technological outcomes of this swap.
