MakerDAO Upgrades to Sky: A DeFi Evolution

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MakerDAO is now @SkyEcosystem MakerDAO, the largest DeFi protocol, has upgraded to Sky! $DAI is now $USDS, and $MKR is now $SKY, bringing more flexibility, improved governance, and multichain integration. ▸ What is Sky ▸ Why upgraded ▸ What are $USDS and $SKY ▸ How to react

2/ What is Sky @SkyEcosystem is the evolved form of MakerDAO, designed to improve efficiency, user engagement, and adaptability in DeFi. It’s not just a new name—Sky brings a complete overhaul of the protocol with fresh features and enhanced capabilities.

3/ Why upgrade As DeFi grows, so does the need for more resilient and flexible protocols. Sky’s upgrade is part of the "Endgame" plan to strengthen the ecosystem, simplify governance, and expand across multiple chains, making it more robust and user-friendly.

4/ What are $USDS and $SKY $USDS replaces $DAI as Sky's new stablecoin, offering stability plus new rewards and savings options. $SKY, the upgraded governance token, gives $MKR holders more ways to participate in governance and earn incentives within the Sky ecosystem.

5/ How to react? If you hold $DAI, you can swap it 1:1 for $USDS to enjoy new benefits. $MKR holders can convert to $SKY at a rate of 1 $MKR = 24,000 $SKY, unlocking governance participation and rewards. You can also keep your existing tokens if you prefer. For protocols integrated $DAI, update to support $USDS and $SKY to stay aligned with Sky’s evolving ecosystem!