Latest Maker (MKR) News Update

Deep Dive

1. zondacrypto Migrates MKR to SKY (18 September 2025)

Overview:
zondacrypto will disable MKR deposits on 10 September and delist the token by 16 September. Users’ MKR balances will convert to SKY at 1:24,000 on 18 September, with SKY/USDC and SKY/PLN trading pairs launching the same day.

What this means:
This is neutral for MKR in the short term, as liquidity shifts to SKY. The fixed conversion rate ensures no immediate price impact, but delisting reduces MKR’s tradable supply. (zondacrypto)

2. CoinJar Lists SKY, Delists MKR (9 September 2025)

Overview:
CoinJar enabled SKY trading and MKR-SKY swaps on 9 September but will delist MKR by 14 September. The exchange emphasizes SKY’s focus on accessibility, aligning with its user-friendly ethos.

What this means:
Bullish for SKY’s adoption, as CoinJar simplifies onboarding for retail users. However, MKR’s delisting may pressure its price ahead of the deadline. (CoinJar)

3. Bitvavo Completes MKR-SKY Swap (5 September 2025)

Overview:
Bitvavo halted MKR trading on 12 September and converted holdings to SKY by 17 September. The exchange warned users about temporary zero balances during the transition.

What this means:
Bearish for MKR liquidity post-swap, as European traders lose a major on-ramp. SKY’s market depth now hinges on seamless exchange integrations. (Bitvavo)

Conclusion

Maker’s migration to Sky Protocol is accelerating, with exchanges prioritizing SKY listings and phasing out MKR. While the 1:24,000 redenomination protects holders’ value, MKR’s shrinking liquidity could amplify volatility. Will SKY inherit Maker’s DeFi dominance, or will the rebranding dilute its governance moat?

Deep Dive

1. @Tokocrypto: MKR Delisting & SKY Swap Timeline bearish

"All MKR pairs delisted Sept 15, swapped 1:24,000 SKY."
– @Tokocrypto (76.2K followers · 12.4K impressions · 2025-08-20 12:29 UTC)
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What this means: Bearish short-term as exchange exits could pressure liquidity, though SKY’s utility roadmap might offset losses post-transition.

2. @genius_sirenBSC: Governance Upgrades Fuel 17% Rally bullish

"Stability Fee cut → 12% DAI issuance spike + FRAX integration hype."
– @genius_sirenBSC (28.3K followers · 189K impressions · 2025-06-14 02:35 UTC)
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What this means: Bullish catalyst from protocol upgrades attracting DeFi liquidity, though RSI 82 (1h) warns of overextension.

3. CCN Analysis: $2,000 Resistance Battle mixed

"Break above descending channel signals bullish shift, but $2k Fib wall looms."
– CCN (4.2M monthly readers · 2025-11-26 12:21 UTC)
View analysis
What this means: Mixed technicals – daily close above $1,880 (0.618 Fib) needed to confirm uptrend; failure risks drop to $1,408 support.

Conclusion

The consensus on MKR is mixed, torn between SKY migration uncertainties and bullish protocol upgrades. While whale accumulation and governance momentum suggest long-term confidence, exchange delistings and technical resistance near $2k create near-term friction. Watch the SKY swap completion rate post-Sept 15 – smooth transition could validate the rebrand’s value proposition, while hiccups may trigger volatility.

Deep Dive

1. Rebrand to Sky Protocol (15 September 2025)

Overview
MakerDAO will transition to Sky Protocol on 15 September 2025, replacing MKR with SKY tokens at a 1:24,000 ratio. Exchanges like Binance, Bitfinex, and CEX.IO will delist MKR, automatically converting holdings to SKY. This rebrand aims to simplify governance and align with long-term DeFi sustainability goals (CEX.IO).

What this means
Bullish for adoption: Streamlined governance could attract institutional interest. However, short-term volatility is likely due to exchange delistings and liquidity shifts.

2. Real-World Asset Expansion (2025–2026)

Overview
MakerDAO continues prioritizing RWA collateralization, with projects like 6s Capital’s commercial real estate loans. The protocol aims to scale its RWA portfolio, targeting $100M+ in facility size by 2026 (LBank).

What this means
Neutral-to-bullish: RWAs diversify Maker’s collateral base but face regulatory risks. Success hinges on compliance with frameworks like MiFID and IRS guidelines.

3. SubDAO Governance Rollout (Q4 2025)

Overview
Maker’s Endgame Phase One introduces SubDAOs (rebranded as Sky Stars) to manage specialized asset pools (e.g., RWAs, stablecoins). This modular approach decentralizes decision-making and incentivizes fee-sharing (CryptoFrontNews).

What this means
Bullish for decentralization: SubDAOs reduce systemic risk but require robust participation to avoid fragmentation.

Conclusion

Maker’s roadmap balances rebranding-driven structural shifts (Sky Protocol) with strategic RWA growth, aiming to cement its role in institutional DeFi. The token migration and governance upgrades position SKY as a next-gen governance asset—but execution risks remain.

How will SKY’s redenomination impact MakerDAO’s market liquidity and long-term valuation?

Deep Dive

1. Governance Migration to SKY (September 2025)

Overview: MakerDAO is rebranding to Sky Protocol, replacing MKR with SKY (1 MKR = 24,000 SKY) to streamline governance and incentivize participation.
Technical changes include deploying new smart contracts for SKY issuance, updating voting mechanisms, and sunsetting MKR’s governance functions. Exchanges like Binance and Bitfinex are delisting MKR pairs by mid-September 2025, with automated migration for holders.
What this means: This is bullish for Maker’s ecosystem because it modernizes governance, reduces legacy token supply, and aligns with broader DeFi interoperability goals. However, short-term volatility may occur during the transition.
(Source)

2. Emergency Shutdown Refinements (Ongoing)

Overview: The codebase now enforces clearer collateral redemption paths during emergencies, with a 73-hour cooldown period for Dai holders to claim assets.
Updates include oracle-free price snapshots at shutdown triggers and prioritized vault collateral withdrawals. Documentation (GitHub) emphasizes user preparedness for both shutdown and redeployment scenarios.
What this means: This is neutral for MKR/SKY, as it mitigates systemic risks but primarily serves as a failsafe rather than a growth driver.

3. Staking & USDS Integration (June 2025)

Overview: Sky Protocol introduced staking for SKY holders, offering up to 17% APR in USDS (the rebranded DAI stablecoin). Code updates enable automatic rewards distribution and liquidity pool integrations.
Over $568M SKY was staked within a week of launch, with 50% of protocol revenue allocated to buybacks.
What this means: This is bullish because staking locks supply and ties SKY’s utility to sustainable yield generation, potentially attracting long-term holders.
(Source)

Conclusion

Maker’s codebase evolution centers on governance modernization (SKY migration), risk management (emergency protocols), and incentivization (staking). These updates aim to bolster decentralization and user engagement. Will SKY’s staking rewards sustain demand post-migration? Monitor exchange liquidity and governance participation rates for clues.