A large amount of MKR was converted to SKY, with the largest single minting exceeding 29.6 million USD

Odaily News According to parsec data, as the new SKY staking module receives USDS rewards with a yield of 17.29%, a large number of MKR to SKY conversions have occurred on the chain, with the largest minting reaching 400,253,742 SKY, worth approximately $29.6 million. SKY is the upgraded MKR and governance token of the Sky ecosystem, and each MKR can be upgraded to 24,000 SKY.