A new Executive Vote is live. If approved, the Phase One of the MKR to SKY upgrade will be executed, enabling the following actions: • Define the governance token upgrade process from MKR to SKY. • Disable SKY-to-MKR conversion. • Launch a new MKR-to-SKY converter contract at a fixed 1:24,000 rate with an adjustable penalty. • Enable SKY as the governance token of the Sky Ecosystem. • Launch SKY staking with new collateral parameters. Alongside other additional changes required to complete the upgrade from MKR to SKY. This executive proposal includes an office-hours modifier that means that it can only be executed between 14:00 and 21:00 UTC, Monday - Friday.