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MakerDAO (MKR) to Sky Protocol (SKY) Migration & Delisting
Last updated: 19 October 2026
Overview
Kraken migrated MakerDAO (MKR) to Sky Protocol (SKY) as part of a network-wide upgrade. All MKR balances were automatically converted to SKY. After the migration, MKR was delisted from Kraken.
Key Points
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September 1, 2025 at 14:00 UTC: MKR trading and funding were paused
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Conversion rate: 1 MKR = 24,000 SKY
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September 5, 2025: SKY was credited to accounts and trading/funding resumed
What this meant for you
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You didn’t need to take any action. Your MKR balance was automatically converted to SKY at the rate of 1 MKR : 24,000 SKY.
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MKR trading and funding were paused starting September 1 at 14:00 UTC.
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Once migration was complete, SKY balances appeared in your account and trading/funding resumed by the end of day September 5.
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After migration, MKR was delisted from Kraken.