OpenOcean Expands Support for Sky Ecosystem and MKR to SKY Conversion
OpenOcean, a leading aggregator for digital asset trading, has announced its official support for Sky Ecosystem on both Ethereum and Base networks. This decision allows users to efficiently trade USDS, sUSDS, and USDC tokens across multiple blockchain networks, enhancing liquidity and trading capabilities.
Formerly known as MakerDAO, Sky Ecosystem is undergoing a significant transformation with the migration of MKR tokens to SKY tokens. This process aims to provide a seamless transition for users, with a conversion rate of 24,000 SKY per MKR wrapper. This move is designed to eliminate confusion within the crypto community and establish a clear path for the future of Sky Ecosystem.
As part of this transition, Sky Ecosystem is also expanding its reach to the Solana network through an interface with Wormhole’s Native Token Transfer (NTT). This integration allows for cross-chain liquidity and enables the seamless transfer of SKY and USDS tokens between Ethereum and Solana, providing users with increased flexibility and accessibility.
The support of OpenOcean for Sky Ecosystem is a significant milestone in the evolution of the decentralized finance (DeFi) space. By offering enhanced liquidity and trading efficiency, OpenOcean is empowering users to explore new opportunities and maximize their trading experience. Stay tuned for further updates on the progress of the MKR to SKY conversion and the expansion of Sky Ecosystem to additional blockchain networks.