Maker (MKR) Token Rebrands as Sky (SKY); Giottus to Ensure Seamless Swap

Maker (MKR), a prominent token in the decentralised finance (DeFi) space, has officially rebranded to Sky (SKY). This marks a major shift in its ecosystem and strategic direction.  As part of this transformation, the MKR token has been renamed as SKY, with a 1:24000 conversion ratio.

Giottus will support this rebrand and token swap to ensure a seamless user experience. Below are the key details of the conversion.

MKR to SKY conversion details:

1. Trading in MKR pairs (MKR/INR, MKR/USDT) will be suspended at 5 pm IST on 13 October 2025 
2. Conversion: MKR to SKY token swap will be automatically completed by Giottus by 7 pm IST on 15 October 2025 
3. Trading: Sky (SKY) will be available for trading on Giottus after 7 pm IST on 15 October 2025

Why Maker (MKR) is rebranding to SKY?

Maker (MKR) has rebranded to Sky (SKY) to modernize its ecosystem, simplify governance, and make the platform more accessible and scalable for global DeFi users.

SKY will now serve as the governance token, with a roadmap focused on:

• Faster and cheaper transactions via Layer-2 and cross-chain integrations.
• More transparent and participatory governance.
• Stronger compliance frameworks to support long-term stability.

What this means for Giottus users?

Holders of MKR on Giottus need not take any action. Their balances will be converted automatically into SKY tokens in line with the 1:24000 swap ratio.

Thank you for choosing Giottus in your crypto journey. In case you have any queries, please reach out to [email protected].