SKY ($SKY) Listing On Bitkub Exchange

About Sky Listing 

Sky is now live on Bitkub Exchange. This means the SKY token (it used to be called Maker’s MKR) is now supported on Bitkub. The old MKR tokens will turn into SKY tokens automatically. One MKR becomes 24,000 SKY. Users do not have to do anything. Bitkub will swap them.

“Sky” Details

Sky Protocol (also called “Sky”) is the new and upgraded version of MakerDAO. It brings two big changes:

USDS – This is the new stablecoin Driving, which upgrades DAI.

SKY – This is the new governance token, replacing MKR.

People can use Sky. money to save, stake, trade, and vote without giving up control of their tokens.

How Sky Helps the Crypto Space

Better Governance – SKY token holders can vote on key rules of the protocol. This is faster and fairer than old systems.

Easy Stablecoin Access – Users can Earn Rewards on their stablecoins with the Sky Savings Rate (SSR).

Non-Custodial Control – Users keep their funds in smart contracts, not with a central company. This makes it safer.

Sky Stars – These are mini projects inside Sky. They can build new DeFi apps and grow the ecosystem.

Main Features of Sky

Upgrade Function – Convert DAI ? USDS (1:1) and MKR ? SKY (1:24,000).

Sky Savings Rate (SSR) – Earn USDS just by saving it. No minimum. Withdraw anytime.

Sky Token Rewards (STRs) – Get rewards in SKY or Sky Star tokens for using USDS.

Staking Engine – Stake SKY to earn more rewards. You can also borrow USDS using your staked SKY. No exit fee.

SkyLink – Move assets across fast Layer-2 networks (like Arbitrum, Optimism, Base). This saves time and fees.

Sky Stars – Independent projects like Spark (a lending app) and more coming soon. They have their own rules but follow Sky’s vision.

Sky Roadmap

Sky is run by on-chain voting called Sky Atlas. SKY holders vote and manage all big decisions.

Sky came from MakerDAO’s team and system. MakerDAO had many “Core Units” and a DAO. Sky kept the main parts but added upgrades.

No full public list of team names exists yet. Leadership is shared. The community and token holders make the choices.

More names of key builders may be shared later.

What the Bitkub “Sky Listing” Means

MKR holders on Bitkub will get SKY automatically at 1 MKR: 24,000 SKY.

After the upgrade, Bitkub will open deposits, withdrawals, and trading of SKY. The date for this will be announced.

Users holding MKR on Bitkub do not need to do anything.

Conclusion

The Sky listing on Bitkub is a big step for Sky Protocol in Southeast Asia. With its new token SKY, new stablecoin USDS, and strong roadmap, Sky is making DeFi easier and safer. Users can save, earn, and vote while keeping control of their money.As migration phases finish and penalties begin, holders should move to SKY and take part in the new system. The crypto community should watch Sky’s growth — especially Sky Stars projects and tools like SkyLink, which could open new doors in DeFi.