A large number of MKR have been converted to SKY, with a maximum casting cost of over 29.6 million US dollars per transaction

Odaily Planet Daily News: According to parsec data, with the new SKY staking module receiving USDS rewards at a yield of 17.29%, there have been a large number of MKR to SKY conversions on the chain, with the largest casting reaching 400253742 SKYs worth approximately $29.6 million. SKY is an upgraded version of the Sky ecosystem's MKR and governance token, with each MKR being able to upgrade to 24000 SKY tokens.