Over 61% of MKR tokens have been converted to SKY, according to an announcement by Sky, formerly MakerDAO, on September 4, 2025. A governance proposal is scheduled for September 18 to confirm a penalty for delayed conversions from MKR to SKY. If approved, the penalty will be implemented on September 22.
61% of MKR Converted to SKY; Governance Proposal on Penalty Set for September 18
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