Decentralized finance platform Sky, formerly known as Maker, is gearing up for a major token migration from MKR to SKY in 2025. Co-founder Rune Christensen announced that the shift aims to clear up confusion between the two tokens. While MKR holders won't lose funds, migrating to SKY will be necessary for token usability. The move follows a governance vote favoring SKY as the ecosystem's core token, with a deflationary model and burn mechanism. Sky also plans to launch more subDAOs, called Stars, starting with Spark. Despite some initial rebranding confusion, 79% of tokenholders voted to retain the Sky name.
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