Sky Protocol Implements MKR to SKY Token Transition for Enhanced Governance

The Sky protocol is undergoing a significant governance overhaul that will transition from the MKR token to its new native token, SKY. This shift marks a critical step towards strengthening governance and streamlining rewards within the USDS ecosystem. Key benefits include improved efficiency, increased staking opportunities, and a more stable long-term growth strategy for the protocol. The move was fueled by Rune Christensen, co-founder of Sky, who believes it paves the way to reach zero fixed costs at the end of 2025.