All news is rigorously fact-checked and reviewed by leading blockchain experts and seasoned industry insiders.
- OpenOcean now supports Sky Ecosystem on Ethereum and Base, enabling efficient trading of USDS, sUSDS, and USDC across multiple blockchain networks.
- Sky Ecosystem, formerly MakerDAO, is migrating MKR to SKY, aiming for a seamless transition with a 24,000 SKY per MKR wrapper conversion.
OpenOcean, a prominent aggregator for digital asset trading, now officially supports Sky Ecosystem on the Ethereum and Base networks. This choice gives users more chances to effectively trade USDS, sUSDS, and USDC tokens.
Easier Access to Sky Ecosystem
The support of OpenOcean for Sky Ecosystem opens the path for more traders to reach further depths of liquidity. Formerly known as MakerDAO, Sky is now working on the USDS coin to increase the capability of its ecosystem. Users will be able to trade digital assets easier since they will not be limited to a single platform.
On the other hand, the Base network—a layer 2 developed by Coinbase—offers further transaction efficiency, therefore expediting and lowering the trading cost. OpenOcean is using this capability to guarantee Sky Ecosystem users’ most ideal trading experience.
OpenOcean now supports @SkyEcosystem prev. MakerDao on both Ethereum and Base! 🌊
You can seamlessly trade $USDS, $sUSDS, and $USDC on #Base & #Ethereum.
Enjoy enhanced liquidity on OpenOcean:
👉 https://t.co/JA7VBDk29T#SparkPSM #skyPSM https://t.co/4vwT5BqOLj pic.twitter.com/ESdQE0u6mJ— OpenOcean – A leading DeFi Aggregator (@OpenOceanGlobal) January 24, 2025
Journey to a New Identity
According to CNF prior reports, Sky founder Rune Christensen has announced plans to completely migrate to its new brand by 2025. The change of MKR tokens to SKY tokens marks one of the main turns in this process. This move seeks to clear the ambiguity within the crypto community and offer clarification on the new path Sky Ecosystem is following.
This migration movement is still under progress as of January 30, 2025 and has not been totally finished. By designating MKR as a “wrapper” reflecting 24,000 SKY per MKR, Sky hopes to hasten this transition all year long. Therefore, MKR holders are likely to migrate to SKY shortly to enjoy the whole advantages of this new ecosystem.
Expansion to Solana
By means of an interface with Wormhole’s Native Token Transfer (NTT), Sky Ecosystem is also extending its influence on the Solana network. This action increases cross-chain liquidity and gives users more flexibility by allowing SKY and USDS tokens to be transferred between Ethereum and Solana.
