CEX.IO will soon support the migration of Maker (MKR) to Sky (SKY), following the Sky Protocol community’s decision to adopt SKY as the sole governance token of the ecosystem.
Why the migration is happening
The Sky Protocol governance vote introduced SKY as the single governance token for the ecosystem, replacing MKR. This change streamlines governance and ensures long-term sustainability for the protocol.
Your holdings will be automatically converted to SKY at a fixed rate, and your ability to participate in Sky Protocol governance will remain uninterrupted.
Migration timeline
Aug 14, 2025 | Initial migration announcement sent to MKR holders. |
Sep 12, 2025 | MKR trading will switch to cancel-only mode. You will be able to cancel existing orders but not place new ones. |
Sep 15, 2025 | End-of-day: All MKR trade orders canceled; MKR deposits, withdrawals, buying, selling, and conversions suspended. All MKR must remain in your main balance. |
Sep 16, 2025 | Balance snapshot taken; SKY listed on CEX.IO under new contract; MKR delisted; balances updated at 1 MKR = 24,000 SKY. |
Sep 17, 2025 | Migration to SKY completed via Migration Portal. |
Sep 18, 2025 | SKY wallets and trading fully enabled (deposits, withdrawals, buying, selling, spot and margin trading). |
Exchange rate
Your MKR balance will be converted to SKY at a fixed rate: 1 MKR = 24,000 SKY
What you need to do
Keep your MKR in your CEX.IO account before the end of day September 15, 2025 to be included in the migration.
Ensure there are no active transactions with MKR after the suspension starts.
No manual action is needed — the migration will be handled automatically by CEX.IO.
After the migration
Your MKR will be replaced with SKY at the fixed rate.
SKY will be fully supported for deposits, withdrawals, buying, selling, and trading.
Security and tokenomics
The migration will not affect the value of your holdings. Tokenomics remain unchanged, and your funds will remain safe throughout the process.
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