MKR Token Holders Face Upgrade Penalty Starting September 22
MKR Token Holders Face Upgrade Penalty Starting September 22
ā° MKR Penalty Incoming
MKR token holders have until September 22 to upgrade to SKY tokens before facing escalating penalties.
A governance vote on September 18 will decide on implementing a Delayed Upgrade Penalty that:
- Starts at 1% for late upgrades
- Increases every 3 months
- Takes effect September 22 if approved
Why upgrade now:
- 630,600 MKR already upgraded to SKY
- Access to staking rewards: ~15% USDS, ~14% SPK
- Avoid upcoming penalties
Upgrade options available on CoW Swap or upgrademkrtosky.com.
Act before September 22 to avoid penalties and access staking rewards.
Calling all MKR token holders š£ Pending a governance vote on September 18: If approved, the penalty starts at 1%, and increases every 3 months. Upgrade your MKR to SKY on CoW Swap now. swap.cow.fi/#/1/swap/WETH/ā¦ š
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