Decentralized finance (DeFi) lending platform Sky, formerly known as Maker, plans to speed up the migration from MKR to SKY in the new year, following its massive rebrand in August. Sky co-founder Rune Christensen said in a Dec. 18 update that more effort will be put into a full migration of MKR to SKY in 2025, partly to help remove confusion around the MKR vs SKY tokens.
Christensen said this would not put MKR token holders in a position where they can lose their funds, but instead, new upcoming proposals make migration a requirement in order to get usability out of the token.
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