On August 27, MakerDAO announced its plan to rebrand to Sky and upgrade its own tokens and stablecoins to the new names SKY and Sky Dollar (USDS).

1. MKR to SKY exchange:

Every 1 MKR can be exchanged for 24,000 SKY tokens. This ratio is fixed, which means that MKR holders will receive a corresponding number of new governance tokens SKY after the conversion.

2. DAI to USDS exchange:

The exchange ratio between DAI and USDS will be maintained at 1:1. This means that every 1 DAI held by the user can be directly exchanged for 1 USDS, ensuring the continuity of the stablecoin value.