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MakerDAO (MKR) to Sky Protocol (SKY) Migration & Delisting
Last updated: 29 aug. 2025
Overview
Kraken will be migrating MakerDAO (MKR) to Sky Protocol (SKY) as part of a network-wide upgrade. All MKR balances will be automatically converted to SKY. After the migration, MKR will be delisted from Kraken.
Key Points
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September 1, 2025 at 14 UTC: MKR trading and funding paused
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Conversion rate: 1 MKR = 24,000 SKY
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September 5, 2025: SKY credited to accounts and trading/funding resumes
What this means for you
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You don’t need to take any action. Your MKR balance will automatically be converted to SKY at the rate of 1 MKR : 24,000 SKY.
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MKR trading and funding will be paused starting September 1 at 14 UTC.
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Once migration is complete, SKY balances will appear in your account and trading/funding will resume by the end of day September 5.
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After migration, MKR will be delisted from Kraken.