Gate Completes Migration of MakerDAO (MKR) to Sky Protocol (SKY) and Launches SKY Trading

According to the official announcement from the MakerDAO (MKR) team, the existing MakerDAO (MKR) tokens have been swapped for the new Sky Protocol (SKY) tokens at a 1:24,000 ratio. Gate has successfully completed the asset swap, and users can now view the details in their Transaction History. Gate will soon enable Sky Protocol (SKY) trading, which is scheduled to commence at 13:00 (UTC) on September 17, 2025.

Trading Start Time: September 17, 2025, 13:00 (UTC)

Sky Protocol (SKY) Token ID: 0x56072C95FAA701256059aa122697B133aDEd9279 (ETH)

Please note that the token supply will change from 1,005,577 to 23,462,665,147 after this migration. Gate will no longer support the old MakerDAO (MKR) tokens. Deposit and withdrawal services for the new Sky Protocol (SKY) tokens will remain available. Once trading resumes, please be aware of potential market volatility and manage your trades with caution.

Deposit Sky Protocol (SKY) at: https://www.gate.com/myaccount/funds/deposit/SKY
Trade Sky Protocol (SKY) with USDT: https://www.gate.com/trade/SKY_USDT

Thank you for your continued support and trust in Gate. If you have any questions or require assistance, feel free to contact our customer support team.

Gate Team
September 17, 2025

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