Blockchain

OpenOcean Adds Support for Sky Ecosystem on Ethereum & Base

  • OpenOcean now helps Sky Ecosystem on Ethereum and Base, enabling environment friendly buying and selling of USDS, sUSDS, and USDC throughout a number of blockchain networks.
  • Sky Ecosystem, previously MakerDAO, is migrating MKR to SKY, aiming for a seamless transition with a 24,000 SKY per MKR wrapper conversion.

OpenOcean, a distinguished aggregator for digital asset buying and selling, now formally helps Sky Ecosystem on the Ethereum and Base networks. This alternative offers customers extra possibilities to successfully commerce USDS, sUSDS, and USDC tokens.

Simpler Entry to Sky Ecosystem

The help of OpenOcean for Sky Ecosystem opens the trail for extra merchants to achieve additional depths of liquidity. Previously referred to as MakerDAO, Sky is now engaged on the USDS coin to extend the potential of its ecosystem. Customers will have the ability to commerce digital belongings simpler since they won’t be restricted to a single platform.

However, the Base community—a layer 2 developed by Coinbase—gives additional transaction effectivity, due to this fact expediting and decreasing the buying and selling price. OpenOcean is utilizing this functionality to ensure Sky Ecosystem customers’ most ideally suited buying and selling expertise.

OpenOcean now helps @SkyEcosystem prev. MakerDao on each Ethereum and Base! 🌊

You possibly can seamlessly commerce $USDS, $sUSDS, and $USDC on #Base & #Ethereum.

Get pleasure from enhanced liquidity on OpenOcean:
👉 https://t.co/JA7VBDk29T#SparkPSM #skyPSM https://t.co/4vwT5BqOLj pic.twitter.com/ESdQE0u6mJ

— OpenOcean – A number one DeFi Aggregator (@OpenOceanGlobal) January 24, 2025

Journey to a New Id

Based on CNF prior reviews, Sky founder Rune Christensen has introduced plans to utterly migrate to its new model by 2025. The change of MKR tokens to SKY tokens marks one of many primary turns on this course of. This transfer seeks to clear the anomaly throughout the crypto group and provide clarification on the brand new path Sky Ecosystem is following.

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This migration motion continues to be beneath progress as of January 30, 2025 and has not been completely completed. By designating MKR as a “wrapper” reflecting 24,000 SKY per MKR, Sky hopes to hasten this transition all yr lengthy. Due to this fact, MKR holders are more likely to migrate to SKY shortly to take pleasure in the entire benefits of this new ecosystem.

Growth to Solana

Via an interface with Wormhole’s Native Token Switch (NTT), Sky Ecosystem can also be extending its affect on the Solana community. This motion will increase cross-chain liquidity and offers customers extra flexibility by permitting SKY and USDS tokens to be transferred between Ethereum and Solana.



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