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Tags: Spot
Maker (MKR) is rebranding to Sky (SKY). Bybit will support the token swap, automatically converting all MKR to SKY at 1 MKR = 24,000 SKY.
Key updates & timeline
Spot
Delisting & listing
• Delisting of MKR/USDT pairs: Sep 2, 2025, 8AM UTC
• Listing of SKY/USDT pairs: Sep 4, 2025, 8AM UTC
• All open orders will be automatically canceled after delisting
Deposits & withdrawals
• Closing of MKR deposits: Sep 1, 2025, 8AM UTC
• Opening of SKY deposits/withdrawals: Sep 4, 2025, 8AM UTC
• Upgrade now to avoid Delayed Upgrade Penalty
Rebranding
MKR tokens will trade under the new ticker SKY at a 1 MKR = 24,000 SKY conversion rate.
Convert
• Removal of MKR from Bybit Convert: Sep 2, 2025, 8AM UTC (no further conversions from/to MKR)
• Removal of MKR from Bybit Convert Small Balances: Sep 2, 2025, 8AM UTC (no conversions to MNT/USDT/USDC)
• Conversions involving MKR will be unavailable after the above date
Borrowing (UTA), Crypto Loans and Institutional Loans
• Closing of MKR new orders: Aug 22, 2025, 8AM UTC
• Ending of MKR collateral and repayments (UTA, Crypto Loans or Institutional Loans): Aug 29, 2025, 8AM UTC
• Repayment deadline: Aug 29, 2025, 8AM UTC
• Unpaid loans will be auto-repaid and may result in losses. Adjust margin before the deadline, and monitor MMR and LTV to avoid liquidation
Easy Earn
• MKR no longer accepted for new Flexible Easy Earn orders
• Removal of MKR from all Earn products (including Bybit Easy Earn): Sep 1, 2025, 8AM UTA
• Principal and accrued yield from MKR staking in Bybit Easy Earn will be automatically credited to your Funding Account
DCA Bot & Spot Grid Bot
• Ending of MKRUSDT DCA Bots and Spot Grid Bots: Sep 2, 2025, 8AM UTC
• Launching of SKYUSDT Bots: Sep 4, 2025, 8AM UTC
• Close all MKRUSDT Bots before the deadline to avoid automatic termination
If you've any questions, reach out to our Customer Support via this form.
Thank your for your continued support.
Source: Bybit Official Announcement — originally published on Thu, 21 Aug 2025 07:42:04 GMT.
