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The SKY staking module is online, and a large amount of MKR has converted, reaching a new high for SKY.
According to Gate News bot, data from parsec shows that the SKY stake module has officially launched, offering a reward yield of 17.29% in USDS. Data records indicate a large-scale on-chain conversion of MKR to SKY, with the largest single conversion record reaching 400,253,742 SKY, valued at approximately 29.6 million USD.
As the governance token of the Sky ecosystem, SKY is an upgraded version of MKR, with a conversion ratio of 1:24,000.
Source: Wu Says
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