The vote to implement the Delayed Upgrade Penalty for upgrading MKR to SKY is live. As part of the ongoing MKR to SKY Upgrade process, the Sky Atlas specifies that the September 18, 2025 Executive Vote will set the Delayed Upgrade Penalty for the new MKR to SKY conversion contract to 1%. If the vote passes, a 1% Upgrade Penalty will apply to all MKR to SKY upgrades beginning September 22nd, 2025. Thereafter, the Delayed Upgrade Penalty will be increased gradually at the rate of 1 percentage point every three months.(Sky)