BYDFi Will Support the Maker (MKR) Token Swap and Rebranding to Sky (SKY)
Dear Users,
BYDFi will support the Maker (MKR) token swap and rebranding to Sky (SKY). Details are as follows:
Spot
- MKR spot trading will close at September 08, 2025, 10:00 UTC+8 which pending orders will be canceled;
- Strategy bots involving MKR/USDT will be terminated at September 08, 2025, 10:00 UTC+8, and any bots running with MKR/USDT pairs will be stopped.
Deposits and Withdrawals
- MKR deposits suspended on September 08, 2025, 10:00 (UTC+8).
- MKR withdrawals will be suspended on September 08, 2025, 10:00 (UTC+8).
Token Swap and Rebranding
- MKR tokens will assume the ticker of SKY tokens on BYDFi
- MKR token will be swapped to SKY tokens at a 1:24,000 ratio.
Please Notes:
- BYDFi will not support token swaps for MKR tokens deposited after the deposits are closed.
- BYDFi will provide support to users holding MKR tokens in their BYDFi accounts, assisting with any technical issues that may arise.
- We strongly recommend users to cancel MKR -related spot orders and close running bots before the swap to avoid potential losses from forced cancellations.
- A separate announcement will be made after the token swap is completed.
We apologize for any inconvenience this may cause. Thank you for your support!
BYDFi Team
2025/09/05
