Sky Platform for decentralized financing (Defi) submitted a proposal to put the finishing touches on its promotion from Maker by replacing the code of governance and saving enabled.
The proposal, to publish On May 1 to the Independent Sky Forum (DAO), you will see the Sky (Sky) icon takes over the Maker (MKR) symbol as a symbol of the management of the protocol.
If you accept DAO, the change will be made on May 15 to May 19, and the decline will be disabled from Sky to MKR.
Ron Christinen, co -founder of Sky He said In response to the suggestion that he was a “huge teacher”, which “is completely supported”, and regrets that allowing users to retreat from Sky to MKR was “a major specific factor that prevents exchanges from adopting the sky.”
He said: “Through this change, the exchanges are likely to move faster in adopting the sky quickly without concerns about breaking the liquidity.”
The penalties were also suggested to MKR holders who slow down the shift to the sky.
According to the proposal, the 1 % late upgrade penalty will be applied to all MKR to Sky upgrades that start on September 18, and increase every three months. Users will get a penalty kick delayed in the upgrade, and they will also get fewer distinctive symbols of the sky.
Sky Stoke, temporary stopping on the liquidation
Kristensen said the most important change is to see the Sky Staling enabled as part of the protocol changes.
The rewards will be enabled for decentralized stablecoin, which is based on the income generated by the Sky Protocol, two or three weeks after the upgrade of the governance contract, at a division rate of 50 %, according to Krostnsen.
He said, “Overing the full upgrade of MKR to Sky is one of the last lost pieces before the sky moves to 0 fixed costs at the end of 2025, ensuring that a larger part of the income generated by the protocol goes to take advantage of Sky, or Sky Staling rewards.”
Sky qualifiers will also be temporarily disabled while MKR transition is still unilateral to Sky in its early stages.
Related to: Sky multiplies at the bottom of the comprehensive repair: Make MKR insecure, and the launch subdaos
“This is necessary to prevent risks from manipulating prices to the price of Sky and MKR during the transition,” said Christingen.
He added: “When Sky Market liquidity is restored, Sky Journance will raise the freezing of the filter and transfer risk parameters to long -term goals.”
Maker was renamed to Sky in August last year, but after confusion and negative comments, Christnin thought about returning to the original company name just months.
However, November reconnaissance 79 % of owners of the distinctive symbol to vote to keep the SKY brand as a brand of the rear end protocol with no other changes.
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