Pay Attention to This Date for the Major Altcoin – Penalties Will Be Imposed on Users Who Fail to Comply

Balancer announced on its X platform that the deadline for the transition of MKR tokens to SKY tokens is September 18. Accordingly, MKR holders only have five days left.

Users who fail to migrate on time may face significant losses. If approved by the administration, late migrations starting September 22nd will result in a 1% loss of SKY.

This will increase quarterly. For example, 240 SKY tokens could be lost for every MKR held.

Related News: Hacker Attack on Shiba Inu (SHIB) Network: Developers Issue Statement Balancer made the following statement: We are at a major turning point for Sky (formerly MakerDAO). The deadline to migrate from MKR to SKY is September 18th.

Penalties starting at 1% will apply for migrations after September 22nd, subject to management approval. Balancer has hosted MKR liquidity for years.

Now it's time to bridge the gap with the V3 reCLAMM pool on Sky's new journey. MKR is still listed on Binance, and the transition to SKY tokens hasn't been made yet.

It's believed Binance will delist MKR and list SKY in its place at that point. *This is not investment advice.

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